i.MAS in Lithuania
In Lithuania, it is mandatory to report tax and accounting information through the i.MAS system, which includes I.SAF, I.VAZ and I.SAFT declarations.
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Smart Tax Administration System - i.MAS
i.MAS is the electronic tax and accounting information reporting system created by the Lithuanian tax authority (Valstybinė mokesčių inspekcija - VMI), to optimize tax control, facilitate tax compliance and increase tax collection. The iMAS system is comprised of several subsystems, most notably: i.SAF, i.VAF and I.SAFT.
i.VAZ
Goods movement reporting subsystem
Taxpayers must declare the movement of goods in Lithuanian territory through the electronic document with the same name as the subsystem: i.VAZ data file.
i.SAF
Invoice reporting subsystem
Taxpayers must declare VAT and certain data of issued and received electronic invoices to the Lithuanian tax authorities through the i.SAF platform by reporting the electronic document also called i.SAF.
i.SAF-T
Subsystem for reporting tax and accounting information
The i.SAF-T subsystem allows for the registration, sending and analysis of tax and accounting information returns in the SAF-T format.
What businesses must declare through the i.MAS system?
i.VAZ
Taxpayers who meet all of the following conditions must declare.
When goods are carried and transported through Republic of Lithuania territory.
The sender and receiver of the goods are physical or legal entities that carry out economic activity.
When there is a business relationship between the sender and/or receiver and/or the carrier and/or the transport operator and/or any other person authorized by them.
i.SAF and i.SAF-T
All companies subject to VAT in Lithuania.
EDICOM Solution - i.MAS
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This analysis of International Electronic Tax Compliance (available in English and Spanish) is a resource designed for companies that operate in several countries, or plan to do so.
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