VAT number registration

Teisininkas Viačeslavas Lelešius

LAWYER

Viačeslavas Lelešius

How can we help

  • We will advise you on when getting a VAT number is useful and when it is compulsory.
  • We will advise you on how to comply with the requirements of the Tax authority.
  • We will represent your company, submit necessary documents and get a VAT number.

What you should do

  • Sign the power of attorney.
  • Answer questions from the questionnaire we will send.
  • Provide documents, proving the activities of the company (contracts, bills, etc.).

Timeline

  • VAT registration in Lithuania takes about 5-8 working days.
  • In case of lack of information proving company’s activities the term may be extend.
Teisininkas Viačeslavas Lelešius

LAWYER

Viačeslavas Lelešius

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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