From 1 May 2025 On 20/20/20, the law on rounding of cash payments will come into force in Lithuania!
Under this law, when people pay cash for goods or services, the amount will be rounded to the nearest 0 cent, 5 cents or 10 cents.
Rounding only applies to cash payments when people buy goods or services or return goods and receive cash.
Non-cash payments such as bank transfers, gift cards or social benefits will not be affected by rounding.
The rounding will not affect VAT amounts and taxable values – VAT will not be rounded.
- This requirement does not apply to VAT invoices (but does apply to invoices).
Rounding differences must be recorded as income or expense in the accounts of companies.
In the accounting documents, the difference due to rounding will have to be stated.
