When must an accommodation business in Lithuania register for VAT?
When the value of services and goods supplied in Lithuania in the previous or current calendar year exceeds 45 000 euros. Check the threshold and any changes on the tax authority's website.
All accommodation income counts towards the threshold, including bookings received through Booking.com and Airbnb, not only direct ones. The full amount paid by the guest is counted.
Voluntary registration is also possible when input VAT deduction is worthwhile, for example while building or renovating the property.
How Ovilo handles it
Ovilo reports show revenue by channel and period, so you notice you are approaching the threshold before the end of the year.
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