In April 2016 the State Tax Inspectorate published the approved rules specifying details of the information that taxpayers will be obliged to submit. Therefore, companies must begin to prepare, i.e. review their procedures, assess additional incidental time costs related to the new obligations and make decisions in terms of the improvement of their accounting systems. As a result, companies shall evaluate necessary IT support in order to comply with forthcoming novelties.

From 1 October 2016 the first subsystems of i.MAS will become operative:

  • i.SAF subsystem (electronic invoicing subsystem) for the submission of register data on company’s received and issued VAT invoices;
  • i.VAZ subsystem (electronic consignment note subsystem) for the submission of consignment note information to the State Tax Inspectorate.

Read more detailed information on our Lithuanian webpage.