Indirect Tax

Although Lithuanian legislation was broadly brought into line with the 6th Directive some time before accession, differences remain, offering opportunity or unexpected risk.

We perform compliance reviews to assess whether systems and policies reflect current interpretation of the interaction of the rules, together with recommended areas of improvement.

As regards cashflow, we advise on optimization methods associated with time of supply rules and special regimes as well as on practical issues associated with keeping certain cashflow assumptions when integrating an existing business model into Lithuania.

We also provide compliance services including registration, reclaim and elections, as well as regular filing.

Since VAT is often interpreted in the context of ECJ cases, we provide updates on how key cases are being interpreted in the context of Lithuanian legislation and the impact on your business as well as what opportunities may become available as a result.

We also advise on recovery options in cases where prima facie credit options appear limited.