VAT number registration

Teisininkas Vidas Pošiūnas

LAWYER

Vidas Pošiūnas

How can we help

  • We will advise you on when getting a VAT number is useful, and when the obligation to register yourself as a VAT payer is compulsory.
  • We will prepare the documents you will need to get a VAT number.
  • We will represent your interests at the tax authority.

Timeline

  • VAT number registration takes 7 working days.
  • In certain cases, the tax authority may extend this term.
Teisininkas Vidas Pošiūnas

LAWYER

Vidas Pošiūnas

Useful information

A Lithuanian company is required to get a VAT registration when:

  • Consideration for the goods sold or services provided domestically over the past 12 months is in excess of 45.000 EUR (to the exclusion of new motor vehicles supplied to other EU Member States).
  • An individual (alone or in conjunction with associates) controls several businesses and the total gross consideration of these businesses over the past 12 months was in excess of 45.000 EUR; the obligation to register oneself as a VAT payer arises for an individual (if the individual is engaged in economic activity) and all of the businesses controlled by that individual, irrespective of the fact that individually, their earnings are less than 45.000 EUR.
  • A business purchases goods from other EU Member States (to the exclusion of new motor vehicles and goods subject to an excise tax) with a total worth of over 14.000 EUR within the calendar year.
  • Every business who is engaged or intends to engage in economic activity may choose voluntary VAT registration. Before opting for a VAT number registration, thoroughly consider whether being a VAT payer is useful in your particular situation when no such obligation for you arises.
  • Voluntary VAT number registration is useful when the major buyers of your goods and services are VAT payers. This rule applies in most situations, but you should always evaluate the specific circumstances in order make the final decision.

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