VAT and other indirect taxes

Value added tax (VAT) and other indirect taxes can impact almost every transaction while doing business overseas and presents a key factor in a business cash flow as well as potentially a real bottom-line cost. As many businesses act globally and perform cross-border transactions with delivery of goods or supplies of services there is an increasing interest to be VAT compliant in a foreign country and to get information of the VAT treatment during business case planning.

Due to the current VAT rate of 21 percent in Lithuania and a potential interest risk of 10 percent p.a. and late-filing penalties etc. mistakes in the area of VAT lead to a definitive charge. In general, our tax advisory team at Rödl & Partner Lithuania, led by a highly experienced tax professional Nora Vitkūnienė, offers comprehensive VAT advisory services to generate the best solutions that might be applied to your business.

In the field of VAT it is crucial to avoid risks and fulfill all legal and formal requirements in case of performed VAT exempt supplies and declaration obligations. Our VAT advisory experts are ready to offer the clients effective, cross-industry and practical VAT advice with a special focus on topicalities of various sectors.  Moreover, our VAT advisory service line in Lithuania serves different size of businesses acting in a wide range of sectors.

Overall, over 40 VAT highly-skilled professionals constitute the international VAT practice group. The members of the group constatntly exchange the latest legislative amendments and knowledge amongst various jurisdictions, as well as share their expertise and hot topics in VAT area.

Therefore, Rödl & Partner tax advisors in Lithuania and abroad could provide you with professional and accurate support in all national and international VAT issues. We are pleased to assist you in solving various VAT issues in respect of your business needs.

VAT advisory services by Rödl & Partner Lithuania:

• Advisory services for all ongoing VAT queries of your daily business with high level practical and sector-oriented approach for national and cross-border issues with coordination of the colleagues in the concerned countries worldwide
• Assistance in VAT compliance/reporting obligations (e.g. preparition of preliminary and annual VAT returns, Intrastat Reports, EC Sales Listing, VAT registration in Lithuania, special VAT refund procedure)
• Dealings with local tax authorities: assistance in discussions with the tax authority during tax audits or special VAT audits and filing appeals or statement of claims, rulings
• Performance of specific projects (e.g. VAT reviews as a simulated audit, VAT checks with different extent and scope)
• Implementation assistance for „VAT processes“ in your company as an internal control system from a risk management perspective
• Specific topics and issues (e.g. cash-flow optimization, intercompany charging, restructuring, holding companies, allocation and proportion of input VAT deduction and respective optimization, import VAT and implications of customs and duty with regard to cross-border supplies)
• Tailored workshops for the typical business cases of the client and qualifications of the participating employees
• Check and review of the transformation of the VAT requirements in the ERP system
• Customs-related advice.