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You can get a special SVS code with the letters “Ex” from the VAT authorities within 35 days if your EU-wide turnover (including Lithuania) does not exceed the €100,000 threshold.
It may be useful to register with the HSE if:
- You are a very small business – If your business turnover* does not exceed €100,000 per year across Europe, and if you do not exceed the VAT threshold for each country in the country where you want to trade (including Lithuania, where the threshold is €45,000), it is worth registering as a business with the status of an SBS.
- You are already a VAT payer in Lithuania – If your business turnover* does not exceed €100,000 in Europe, but you are already VAT-registered in Lithuania, you may have to pay VAT in Lithuania on goods exported to other countries. If your sales excluding VAT are more than 5%, mixed VAT activities will arise and you will have to reimburse general purpose VAT.
*Transfers to another country are included in turnover.
IMPORTANT! It is advisable to consult a trusted accountant who will be able to provide the necessary advice before registering.
