Lithuania's Ministry of Finance has issued an English language release on pending amendments to implement EU legislation concerning VAT for small businesses. --- It is proposed to update the VAT treatment: the amendments are relevant for small businesses Today, the Government approved the draft Law prepared by the Ministry of Finance, which proposes to transpose the new provisions of the European Union (EU) legislation adopted in the field of value added tax (VAT) that are relevant to Lithuanian small businesses. "These amendments, which are in line with the EU Directive, are aimed at reducing the administrative burden on small businesses...