From May 1, 2025, significant amendments to the Law on Value Added Tax (VAT) of the Republic of Lithuania have come into effect, impacting businesses and individuals operating small businesses and applying the small business scheme.
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Starting May 1, 2025, a new procedure for rounding cash payment amounts will take effect in Lithuania.
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The Classification of Economic Activities (EAA Rev.2) is based on the classification prepared by the Statistical Office of the European Union (EUROSTAT), which defines the fields, codes and names of individual categories of activities, i.e. sections, chapters, groups, classes, for all EU Member States.
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