VAT periodic reporting

Requirement

Taxable persons who are registered in Lithuania as VAT payers, that is, Lithuanian and foreign taxable persons, must file data about received and issued VAT invoices to the Lithuanian tax authorities. Obligation to provide this data falls to VAT payers who carry out these activities:

  • Economic activity that is liable to VAT or free of VAT
  • Non-economic activity, for example state or municipal functions

The data, referred to as registers, must include this information:

  • The register of received VAT invoices must include all VAT invoices that have been received from Lithuanian or foreign taxable persons, including credit notes.
  • The register of issued VAT invoices must include all the issued VAT invoices, including VAT invoices that formalize the production of fixed tangible assets, credit notes, or invoices that formalize the sale of goods or services for private needs, etc.

The detailed list of VAT invoices, which must be indicated on registers, is presented in the document Rules on the Management and Submission of Register Data of Value Added Tax Invoices, which is issued by tax authorities.

VAT-exempt financial documents and VAT-exempt documents of acquisition or issue of insurance services, for example statements of account and insurance policies, are not required in the registers.

You can send the data must electronically to the State Tax Inspectorate (VMI, ValstybineMokesciu Inspekcija) in a standardized format through the i.SAF subsystem:

  • You can send an XML file of register data to i.SAF.
  • You can submit a file of register data through the i.SAF web service.
  • You can manual enter register data on the i.SAF website.
  • You can issue VAT invoices directly to i.SAF.

Before the i.MAS system (smart tax administration information system) comes into effect, you must send register data about VAT invoices to the State Tax Inspectorate only upon the request of tax administrator and using the FR0671 and FR0672 forms. Upon the launch of the new system, the FR0671 and FR0672 forms for received and issued VAT invoices will become obsolete.

The filing period for registers differs from the filing period for VAT declarations. You can submit VAT declarations the first 25 days of the coming month. You must submit registers for the fiscal period to the State Tax Inspectorate during these periods:

  • For the calendar month, within the first 20 days of the coming month
  • For the calendar half year, within the first 20 days of the first month of the coming half year
  • For any other determined fiscal period, within 20 days after the end of the period

Rules on the management and submission of registers and the description of the i.SAF data file are published in Lithuanian and English on the website of the State Tax Inspectorate.

You can find a VAT return form with the translation of the fields in English for reference at this address: http://www.vmi.lt/cms/en/formos?

M3 solution

The summarized information required for VAT return is created by M3. Generic functionality includes calculation, accounting, reporting, and reconciliation of VAT.

For this country version, this message is used for electronic VAT reporting: M3FBM_LT_Out_VATReport_iSAF_11. The XML message for electronic VAT reporting to be sent to the tax authorities in Lithuania is created using the FBM mapping and the isaf_1.1.xsd schema. The FBM mapping is based on the electronic reporting functionality in ‘VAT Run. Open’ (TXS100).

The <SettlementsAndPayments> element in the <SourceDocuments> element is not supported in this message.