Lithuanian influencer failed to declare €200k and register for VAT, STI announced

The Lithuanian State Tax Inspectorate (STI) continues inspecting online content creators for tax evasion. Last year, it identified 17 high-risk individuals, which led to over €24k more taxes declared. Most recently, the STI found more than €200, 000 in undeclared income after checking an influencer. As a result, the person was issued an administrative offence report and must return the taxes to the country’s budget.

Since 2019, the influencer has had four Instagram accounts, where he advertised the services of the virtual currency market analysis and promoted betting offers on future sporting events. In the statement of the STI, it is claimed that the person took videos and photographs of himself with cash allegedly won from betting or from the sale of virtual currencies and displayed a supposedly luxurious lifestyle.

The check revealed that the person registered his sole proprietorship in September 2021 and had not submitted an income tax return for 2019 and 2020, even though he received income from taxable activities during this period. After the check, the person has declared approx. €200.5k of taxable income from his economic activity and will pay almost €28.6k of taxes to the budget. Furthermore, the STI claims that from August 2021 onwards, the influencer exceeded the Lithuanian VAT threshold of €45k and failed to register and file the tax, accumulating almost €26.9 k of VAT payable.

Corporate Tax