VAT Reporting for Lithuania

VAT Reporting localization for Lithuania includes:

· Not Closed VAT registration (for e.g. VAT from representation)

· VAT registration for 96 article (wood/metal) purchase and sale operations

· VAT closure; Not Closed VAT is excluded

· Possibility to mark European Union (EU) third-party trade transactions

· Create VAT declaration and export to VMI form FR0600

· Create VIES declaration and export to VMI form FR0564

· There is a possibility to use different VAT and registration dates in the document.

This feature is important for companies which:

a) close a month early and can’t post data to a closed month

b) also, if according to INCOTERMS sales should be declared on VAT declaration on one month, but incomes should be registered on next.

Supported Editions: The app supports the Essentials and Premium Editions of Microsoft Dynamics 365 Business Central.

Supported Countries: Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Norway, Poland, Sweden.

Supported Languages: This app is available in Lithuanian.