The Lithuanian Ministry of Economy and Innovation announced its plans to build a technological solution that will support the transmission of electronic invoices by the European standard for electronic invoices.
According to the project plan announced by the Ministry, the platform is expected to be available free of charge to businesses for at least five years and be ready by September 2023. Moreover, the platform is expected to meet Peppol Network requirements and comply with Peppol BIS 3.0.
Although there are no mandatory e-invoicing requirements, nor any CTC obligations in Lithuania for the time being, we might see more actions from Lithuanian authorities as the project develops.
