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If the Seimas adopts such modifications to the Law on Value Added Tax, as of July next year, all goods from countries outside the European Union (EU), such as China, would become more expensive, since they will no longer be subject to VAT relief. Shipments up to € 22 are now tax free.
The amendments are intended to obstruct the grounds that, during the coronavirus crisis, have allowed the population to abuse values significantly lower than the goods actually ordered and have created an uneven competitive environment for EU companies, as there is no such an advantage within the EU.
A study by public policy analysis and consulting firm ESTEP showed that last year the Lithuanian business sector did not receive 142 million LTL due to e-commerce from third countries. 18 million euros in revenue. EUR: low value shipments. This is about 1 percent. the entire turnover of the Lithuanian retail trade.
The European Commission has found that around € 7 billion is not raised in Member State budgets due to tax exemptions and misreporting. by year.
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