INTERNATIONAL TAX PLAZA - European Commission - VAT refunds: update concerning Lithuania's entry into the Eurozone on 1 January 2015

Details: Published: 25 November 2014

(November 25, 2014)

The European Commission put the following update on the webpage TAXATION AND CUSTOMS UNION - Right to deduct input VAT and VAT refunds:

“Updates

Lithuania's entry into the Eurozone on 1 January 2015

Cross border VAT refund claims under Council Directive 2008/9/EC shall be expressed in the valid currency of the Member State of Refund at the time of the relevant invoice(s). Thus, claims that relate to invoices issued before 1 January 2015 shall therefore be expressed in Litas, and not euros, no matter when the claim is submitted.”

For further information click here to be forwarded to the webpage TAXATION AND CUSTOMS UNION - Right to deduct input VAT and VAT refunds.

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