Tag - EU and Lithuania

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EU and Lithuania - VAT Derogation Extended

A proposal has been sent by the European Commission to the European Parliament authorizing a request from Lithuania to extend the derogation (temporary exemption from a law) from an article of the EU VAT Directive (2006/112). The Commission proposes to extend the authorization to Lithuania to exempt from VAT those taxable persons with annual turnover not exceeding EUR 45,000. The proposal was sent on 3rd August 2017.

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