Lithuania VAT Calculator

The VAT in Lithuania is part of the European Union value added tax system. The standard VAT rate in Lithuania is 21%. Certain goods and services are subject to reduced VAT rates of 9% for most of the books, periodicals and passenger transportation services, 6 % for agriculture and 5% for certain pharmaceutical, medical goods.

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The VAT in Lithuania is part of the European Union value added tax system. The standard VAT rate in Lithuania is 21%. Certain goods and services are subject to reduced VAT rates of 9% for most of the books, periodicals and passenger transportation services, 6 % for agriculture and 5% for certain pharmaceutical, medical goods.

Formula:

Add Tax Tax Amount = ( Original Cost * VAT% ) / 100 Net Price = Original Cost + Tax Amount
Remove Tax Tax Amount = Original Cost - ( Original Cost * ( 100 / ( 100 + VAT% ) ) ) Net Price = Original Cost - Tax Amount

Zero rated is applied for international transportation. Certain goods and services are exempt from VAT for example financial services.

Example

Find the VAT price and net price in Lithuania (GST % is 21) for an amount of 25000 Lt

Add Tax

Solution :
GST % = 21
Amount = 25000

Step 1 :
GST Price = (25000 * 21 ) / 100
     = 5250 Lt

Step 2 :
Net Price = 25000 + 5250
     = 30250 Lt

Hence the VAT Price is 5250 Lt and Net Price is 30250 Lt

Remove Tax

Solution :
GST % = 21
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 21)))
                 = 25000 - (25000 * 0.83)
                 = 25000 - 20661.16
                 = 25000 - 20661.16
GST Price = 4338.84 Lt

Step 2 :
Net Price = 25000 - 4338.84
                = 20661.16 Lt

Hence the VAT Price is 4338.84 Lt and Net Price is 20661.16 Lt

Zero rated is applied for international transportation. Certain goods and services are exempt from VAT for example financial services.


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