• Service: Tax, Global Indirect Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 4/4/2014

Lithuania - VAT, excise tax updates 

April 4:  Supplemented commentary relating to the value added tax (VAT) law in Lithuania is intended to provide guidance for taxpayers engaged in “mixed activities” as well as new practical cases related to derivatives.

Excise tax rate increases

Increased rates of excise taxes (duties) on:

  • Manufactured tobacco products, including cigarettes, cigars, and cigarillos, were effective 1 March 2014
  • Beer, wine, and other fermented beverages, intermediary products, and ethyl alcohol were effective 1 April 2014

Read a March 2014 report prepared by the KPMG member firm in Lithuania: Tax, Legal, and Accounting Newsletter

The KPMG newsletter includes discussions of updated:

  • Corporate income tax commentary
  • Land tax rules
  • Individual (personal) income tax commentary

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