VAT101 return from 1 May 2025
If you are not a VAT payer BUT you supply services to the European Union, purchase services or goods from other EU countries or abroad, and apply the Small Business Scheme (SBS) in Lithuania, you will have a new obligation from 1 May 2025.
You will have to fill in a new VAT101 return.
About the VAT101 return:
You only have to file a monthly return if you have had related transactions. It must be submitted and, if applicable, VAT paid by the 25th of the following month. It is filed electronically in the VMI system.
What needs to be declared?
- goods bought from other EU countries;
- Goods acquired in the cases referred to in Article 95(3), (4) and (5) of the VAT Law;
- services bought from other EU countries;
- services purchased from outside the EU;
- services purchased in the cases referred to in Article 95(5) of the VAT Law;
- services provided that are treated as having been supplied in other EU countries.
This is only relevant for those who:
✅ Not VAT registered,
✅ Applies a small business scheme,
✅ Have transactions with the EU or third countries.
