Legal provisions of COM(2020)812 - Authorisation of Lithuania to derogate from Article 287 of Directive 2006/112EC on the common system of VAT

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dossier COM(2020)812 - Authorisation of Lithuania to derogate from Article 287 of Directive 2006/112EC on the common system of VAT.
document COM(2020)812 EN
date January 22, 2021

Contents

Article 1

By way of derogation from Article 287 of Directive 2006/112/EC, the Republic of Lithuania is authorised to exempt from value added tax taxable persons whose annual turnover is no higher than EUR 55 000.

Article 2

This Decision shall take effect on the date of its notification.

It shall apply from 1 January 2021 until 31 December 2024.

Article 3

This Decision is addressed to the Republic of Lithuania.