Category: Accounting

Additional VAT rules in Lithuania

Minimum limit on VAT sales & purchases in Lithuania In Lithuania there is no lower limit on sales and purchases, all VAT transactions must be declared, invoice by invoice.   Types and rates of  VAT In Lithuania, there are numerous tax rate types that are reflected in tax declarations. Below you will find the description

Additional VAT rules in Latvia

Minimum 150€ limit on VAT sales & purchases in Latvia In Latvia, if you are VAT liable, according to law, your company has to declare all sales and purchases with VAT done for more than a 150€ with one vendor/customer, every single invoice. This is done in order to prevent the VAT fraud. Your regular

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