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Lithuania is completing its roll out of Standard Audit File for Tax (SAF-T) which it started in 2016. It will complete for most companies at the by the start of 2020.
The Lithuanian Customs Office of the State Tax Inspectorate now has the right to oblige businesses to produce historic SAF-T accounting submissions on demand. There is no requirement at present to produce SAF-T on a periodic basis.
SAF-T is an electronic schema developed for the efficient exchange of information between the tax authorities and businesses. It was created by the Organization for Economic Cooperation and Development in 2005 as a standard to be used globally to ensure consistency from country-to-country to facilitate exchange of data between tax authorities. The file requirements are expressed using XML, although the EU does not specify the exact file format.
There are generally five reporting requirements:
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