Axsys electronic invoicing in Lithuania

Axsys Invoicing is your trusted partner for safe, efficient, and legally compliant e-invoicing solutions tailored to Lithuania’s regulatory standards.

Legal framework for e-invoicing in Lithuania

In Lithuania, e-invoicing is regulated under the Law on Accounting and aligned with EU Directive 2014/55/EU for mandatory B2G e-invoicing. Lithuania participates in the Peppol network, enabling seamless cross-border e-invoicing. While B2B e-invoicing is currently optional, its use is encouraged to enhance tax compliance and operational efficiency.

Compliance with Lithuanian e-invoicing regulations

Axsys invoicing module is fully equipped to meet Lithuania’s e-invoicing requirements and ensure compliance with local and EU standards. Here is how Axsys ensures compliance:

• Supported formats: Axsys supports Peppol BIS Billing 3.0 and XML formats ensuring e-invoices meet the mandatory standards for public procurement and cross-border transactions.

• Secure storage and retrieval: In compliance with Lithuanian regulations, which require invoices to be stored for a minimum of ten years, Axsys securely archives all invoices in a tamper-proof system, ensuring they are accessible for audits and tax inspections.

• Automatic VAT calculation and reporting: Axsys Invoicing automates VAT calculations and ensures invoices meet Lithuania’s VAT requirements for both B2G and B2B transactions, reducing the risk of non-compliance.

Disclaimer

This page provides an overview of Lithuanian e-invoicing laws and how Axsys Invoicing supports compliance with Peppol standards, and other relevant regulations. It does not constitute legal advice. We recommend consulting with a tax advisor or legal professional familiar with Lithuanian e-invoicing regulations to ensure compliance tailored to your specific business needs.