From 1 October 2016, Lithuania launches a new portal (i.MAS) for the compulsory submission of SAF-T reporting for VAT registered businesses.
Standard Audit Files for Tax (SAF-T) is a data protocol for the efficient transfer of taxable transaction data between taxpayers and the tax authorities. It was developed by the OECD and has now been rolled out in six EU states.
The new Lithuania portal will accept obligatorily.
SAF-T filings for:
1) Sales and Purchase Invoice Data; 2) Accounting Data. Invoice Data is compulsory from 1 October 2016. Accounting Data will only be required from January 2017.
There are five such ‘structures’ within the OECD’s original schema.
RULES FOR PROCESSING AND REPORTING OF DATA IN THE REGISTERS OF VALUE ADDED TAX INVOICES
1. The Rules for Processing and Reporting of Data in the Registers of Value Added Tax Invoices (hereinafter referred to as the “Rules”) shall set forth the requirements for keeping of registers of received and issued value added tax (hereinafter referred to as the “VAT”) invoices (hereinafter referred to as the “VAT invoices”) (hereinafter referred to as the “registers”), the procedure and time limits for provision thereof to the State Tax Inspectorate (hereinafter referred to as the “STI”).
2. The Rules have been drawn in accordance with Article 78(5) of the Republic of Lithuania Law on Value Added Tax (hereinafter referred to as the “VAT Law”), Article 422 of the Republic of Lithuania Law on Tax Administration (version of 19 November 2015 law No XII- 2038) (hereinafter referred to as the “LTA”) and other legal acts.
3. For the purposes of the present Rules, the following terms shall be used:
3.1. The “i.MAS” mean the smart tax administration information system;
3.2. The “i.SAF” mean i.MAS electronic invoicing subsystem for reporting of register data and provision of e-services;
3.3. The “tax period” shall mean the period for declaration of VAT by a VAT payer the data of registers of which is reported;
3.4. Other terms shall correspond to the terms defined in the VAT Law and other legal acts.
4. Registers shall be kept by taxable persons (irrespective of whether they are registered as VAT payers or not) receiving and/or issuing VAT invoices.
5. Date available in registers must be reported to the STI by taxable persons registered as
VAT payers in the Republic of Lithuania
Where taxable persons, i.e. VAT payers engaged in economic activities (subject to VAT and/or not subject to VAT) and non-economic activities (for example, state and municipality functions), they must report data of registers of all issued and received VAT invoices (for economic and non-economic activities) to the STI. In such case, the data in registers shall be reported as of the month of the calendar year in which the person was engaged in economic activities and shall be reported till the end of the calendar year irrespective of whether any activities were carried out during such periods or not.