Lithuania has published Law XIV-1661 in the Official Gazette, which provides for an increase in the penalties for failing to comply with VAT payment procedures. This includes an increase in the fine from a range of 10% to 50% to a range of 20% to 100% in the following cases:

• It is determined that the VAT payer (taxable person) has unjustifiably reduced the estimated amount of VAT payable or u…