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. 663 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, 6 June 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 by the Government of the Republic of Lithuania (Records, 1996, No. 44 - 1081):

1. To outline paragraph 1.7 as follows: "1.
2. VAT on new returned packaging is assessed by enterprises-producers only, except for those cases when the value of the packaging is included into the value of goods. VAT shall not be assessed for the used packaging".
3. To append paragraph No. 1.
4. with the following: "When the taxable profit (receipts) is assessed, the difference between the purchase (import) VAT and sales VAT, which is reflected in the VAT report in cases indicated in this paragraph for the increases of the amount of the sales VAT, shall not be deducted from the gross receipts”. Prime Minister Mindaugas Stankevièius Minister of Finance Algimantas Kriþinauskas