Lithuania restates public-sector tax-revenue standard; 3 levies exit in 2027

Lithuania's Finance Minister restated the 9th public-sector accounting and financial reporting standard in a new redactionE TAR. Order No. 1K-303 of 5 October 2026 rewrites the 2008 order No. 1K-219E TAR and approves the standard under its extended title, "Mokesčių, socialinių įmokų ir kitų įmokų į fondus pajamos"E TAR. The standard sets how fund revenue is recognised, recorded in the accounting registers, measured and disclosed in financial statements.

The standard applies when accounting for contributions to tax funds, state social funds and other resource funds. It does not apply to levies administered under the Mokesčių administravimo įstatymas such as rinkliavos, the consular fee, the stamp duty, industrial-property registration fees and the motor-vehicle registration fee, nor to late-payment interest, fines and penalty interest, pension annuity contributions or pension-accumulation contributionsE TAR — each of which follows its own standard, principally the 10th VSAFAS "Kitos pajamos".

Revenue is recognised on the accrual basis: once a mokestinis įvykis occurs and only when the related asset-recognition criteria are met, regardless of when cash arrives. Receivable fund contributions become revenue or assets only when three conditions hold together — the taxable event has occurred, the amount of the obligation can be measured reliably, and it is probable that the related economic benefit will be received. Reliability is judged on the payer's declaration, calculation report or another method set in the levy rules; if the amount cannot be measured reliably by the administrator's cut-off date, revenue is recognised in the earliest period in which it can be.

Revenue is measured at net value: gross recognised contributions minus amounts non-refundably transferable to other parties. Advance receipts, and payments made with no underlying taxable event, are recognised as liabilities to the payer until the recognition criteria are met. Restatements of prior-period revenue because of new or previously unknowable circumstances, including corrected declarations, are not error corrections; restatements for other reasons are. Fund registers record all calculated and received or receivable contributions irrespective of final recipient, refundable amounts, and non-refundably transferable sums recognised when the receivable is recognised.

From 1 January 2027 three further levies leave this standard's scope: the mokestis už valstybinius gamtos išteklius, the angliavandenilių išteklių mokestis and the mokestis už aplinkos teršimąE TAR. Their accounting moves to the 10th VSAFAS "Kitos pajamos"E TAR, and revised annexes 1 and 2 — the per-tax disclosure tables — take effect without their rowsE TAR, leaving the trust-property levy and a residual "other" line in that section. Until then the current forms, which still list all three levies, continue to apply.

The new redaction applies to financial-statement sets, and to resource-fund, tax-fund and fund-of-funds sets prepared under Article 9(5) of the Viešojo sektoriaus atskaitomybės įstatymas, for reporting periods starting on 1 January 2026 or laterE TAR; the levy carve-out and the revised annexes apply to sets for periods starting on 1 January 2027 or laterE TAR. Legal basis: order No. 1K-303, issued under Article 12(2) of the Finansinės apskaitos įstatymas, amending order No. 1K-219 and the 9th VSAFAS.