On 22 July 2014 the Government approved the requirements for the display of prices for goods and services in both litas and euro and a description of following the monitoring procedure in accordance thereof the suppliers of goods and services must communicate the dual display of prices from 22 August 2014 to 30 June 2015.
According to this description, the dual display of prices will be offered in all places for acquisition of goods/services, places of their advertising, internet shops and websites.
In the trade and services supply (except for internet shops), as well as in electronic devices (cash registers, scales, etc.) that do not display prices in two currencies prices may be displayed in one currency, i.e. prior to the introduction of the euro – in litas, upon the introduction of the euro – in euro.
Display of two currencies in invoices
During the period of the mandatory display of prices in litas and euro, in all invoices or VAT invoices issued whereby the supply of goods/services has been executed:
- prior to the introduction of the euro (until 31 December 2014), all data are indicated in litas
- upon the introduction of the euro (from 1 January 2015) – in euro
As additional information (at the purchaser’s request) another foreign currency (in euro, dollars, etc.) may be indicated in VAT invoices and invoices.
During the period of the mandatory display of prices in litas and euro, the final payable amount to be paid by the consumer to the seller shall be displayed in both litas and euro also in the cases of supply of utility services – in bills or payment notices for goods/services in question submitted to consumers by suppliers or in an additional sheet submitted to consumers that is appended to invoices or payment notices.
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