Lithuania's tax office has issued guidance concerning the country's adoption of the euro and its impact on VAT obligations. From 1 January 2015, the VAT registration thresholds will be as follows:
- General registration threshold - Revenue of €44,891 in the previous 12 months
- Distance selling threshold - Sales of €36,203 in the current or previous year
- Intra-Community acquisitions threshold - acquisitions of goods of €10,136
Aside from the distance selling threshold, non-residents…