VAT treatment of unregistered property sales

If unregistered property is sold to persons in Lithuania or other countries, and the income generated from such sales exceeds EUR 45,000 in the last 12 months, or more than EUR 14,000 worth of goods were purchased in the last calendar year from Member States of the European Union, then the obligation to register as a taxpayer for VAT purposes arises. Persons registered as taxpayers for VAT purposes may choose the following VAT treatments of the unregistered property sales:

  • standard VAT rate of 21% (for supply in Lithuania);
  • reduced VAT rates of 9% or 5%;
  • VAT rate of 0%  (for supply to foreign countries).