Lithuania: Additional administrative burden from 1 October 2016. Registers to be kept by all taxable persons.
We remind you that the STI’s order to submit registers of VAT purchase and sales invoices will come into force on 1 October 2016.
Registers must be submitted to the STI by taxable persons registered as VAT payers in Lithuania. The register should be submitted monthly no later than the 20th day of the following month, unless the tax period is other than a calendar month.
Registers must be kept by taxable persons (irrespective of whether they are registered as VAT payers or not) receiving and/or issuing VAT invoices.
Please note that the register of received (purchase) VAT invoices must include VAT invoices received from taxable persons in Lithuania during the tax period including received credit VAT invoices, VAT invoices issued by purchasers on behalf of the seller of goods and/or services.
The register of issued (sales) VAT invoices must include VAT invoices for supply of goods and/or provision of services issued by the taxable person including the following VAT invoices issued by the purchaser or third party on behalf of the seller: issued credit VAT invoices, VAT invoices issued for goods (services) for private use, VAT invoices issued for manufacture of tangible capital assets.
Registers of purchase and sale invoices must be reported to the STI electronically by entering the register data in i.SAF. If you have questions or need assistance regarding filling in the registers, feel free to contact us and we will be more than happy to assist.