VAT DEDUCTION ON ACQUISITION OF CARS

Lithuanian Parliament shall consider draft amendment of the Law on VAT that will allow to deduct VAT on acquisition of cars that value are not exceeding LTL 121,000 (EUR 35,044). Note that VAT deduction may be allowed if entity, a VAT payer in Lithuania, shall use a car in VAT chargeable activities.

Advocate Arūnas Šidlauskas