Translation from Lithuanian

Translation from Lithuanian Translation from Lithuanian GOVERNMENT OF THE REPUBLIC OF LITHUANIA R E S O L U T I O N No. 1218 On Partial Amendment to Resolution No. 546 On Value Added Tax” adopted on 9 May 1996 by the Government of the Republic of Lithuania Vilnius, 24 October 1996 The Government of the Republic of Lithuania r e s o l v e s: Partly amending Resolution No. 546 On Value Added Tax adopted on 9 May 1996 of the Government of the Republic of Lithuania (Records, 1996, No. 44-1081, No. 55-1303, No. 65-1554), to outline paragraphs 1.2 and 1.3 as follows: “1.

1. All importers shall pay, in accordance to the procedure established by the Government of the Republic of Lithuania for payment of taxes and duties in the Customs offices, the VAT on goods imported for domestic consumption to the account of that Customs office which executed the customs clearance procedure of said import for domestic consumption. This stipulation shall not apply to the import VAT assessed by the Customs on the long-term assets for manufacturing purposes imported by companies for their own needs and granted certificates by the local State Tax Inspectorates (used for activities listed in the Classification of Economic Activities, Sections A, B, C, D, E, and F, and Section I - only for cargo trucks and towing vehicles manufactured in compliance with EURO-1, EURO-2, or EURO-3 standards and granted certificates by the manufacturer, as well as long-term assets for manufacturing purposes used for the activities of Bûtingë Oil Terminal and Bûtingë - Maþeikiai Oil Pipeline) with the total value (of an integral technological set or line or a-single-purpose equipment imported under a single contract) exceeding Litas 100 000; 1.
2. Local State Tax Inspectorate may issue to companies certificates with respect to the long-term assets for manufacturing purposes imported by the companies for their own needs (used for activities listed in the Classification of Economic Activities, Sections A, B, C, D, E, and F, and Section I - only for cargo trucks and towing vehicles manufactured in compliance with EURO-1, EURO-2, or EURO-3 standards and granted certificates by the manufacturer, as well as long-term assets for manufacturing purposes used for the activities of Bûtingë Oil Terminal and Bûtingë - Maþeikiai Oil Pipeline) with the total value (of an integral technological set or line or a -single-purpose equipment imported under a single contract) exceeding Litas 100
3. Such certificates shall be issued to companies - VAT payers which import the assets with the purpose of manufacturing taxable goods (or rendering taxable services). The import VAT on the aforementioned assets shall be paid (set off) in that local State Tax Inspectorate which issued the certificate”. Prime Minister Mindaugas Stankevièius Minister of Finance Algimantas Kriþinauskas