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Lithuania Implements DAC 7 and Other Tax Changes

|Approved Changes|Lithuania
Lithuania

Lithuania has published Law XIV-1658 in the Official Gazette, which amends the Tax Administration Law. Among other things, this includes amendments for the implementation of new rules on the exchange of information on income generated by sellers through digital platforms (DAC7). The DAC7 rules are provided in Council Directive (EU) 2021/514, which was adopted on 22 March 2021 for the amendment of Directive 2011/16/EU on administrative cooperation in the field of taxation. DAC7 is meant to ad…

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