|Update:||Compliance Alert - Requirement for UK companies to appoint a fiscal representative|
On 29 July 2021, the Lithuanian State Tax Inspectorate announced the requirement for the UK companies operating a business in Lithuania to appoint a fiscal representative.
All VAT obligations, such as calculation, declaration and payment will have to be fulfilled through the fiscal agent.
UK businesses that are VAT-registered in Lithuania, but do not have a permanent office in the country, have to appoint the fiscal representative until 3 November 2021.
If the fiscal representative is not appointed until that date, the company will be deregistered from VAT, but the obligations to pay and declare VAT will remain.
The STI has prepared a list of FAQs (in Lithuanian) about this regulation.
A fiscal representative in Lithuania has to meet the requirements listed in Ordinance No. 221 from 4 July 2002.