Electronic Books and Publications
The Lithuanian government has confirmed that from January 1, 2023, it will cut the value-added tax (VAT) rate applied to electronic books and publications from 21% to 9%.
Hospitality, Sporting, and Cultural Services
The VAT rate cut will also be extended to 9% from 21% on hospitality, sporting, and cultural services until December 31, 2023.
Accommodation
The VAT rate cut on accommodation will also be extended from 21% to 9% indefinitely.
Food for Special Medicinal Purposes
The VAT rate applied to food used for special medicinal purposes will be cut to 5%. This includes food specifically processed or formulated for the dietary management of patients to be used under medical supervision.
These cuts help fight inflation, which is currently at a record high in the country. In December 2022, it was at 21.7%.
Source: fiscalsolutions.co.uk
