Lithuanian Seimas enacts amendments to Personal income tax (PIT) law.
Among the welcome improvements is lowering of PIT for most common transactions. Since 2014, dividends and royalties to management and...
Lithuanian law on tax administration introduced a new requirement which is significant to investors doing Business in Lithuania. Article 421of law on tax...
During the economic crisis a question of costs optimization has become one of the top ones. Consequently, many people started searching for tax planning opportunities in order to move their...
Starting from January 1st 2013 few tax changes came into force.
What concerns the Lithuanian VAT law, preferential VAT rates are applicable for few new categories of...
In the year 2012 Lithuanian economy kept growing slowly, but steadily. As Lithuania has not still entered the Euro zone, Euro zone problems shattering Southern Europe countries have not touched...
Lithuanian Parliament (Seimas) on June 29th, 2012 adopted few changes of the Law on Corporate Income Tax. These changes come into force on 1st September...
Since 2012 the company has the obligation to register as a VAT payer in Lithuania if its turnover per year is more than 45.000 EUR (instead of 29.000 EUR, which was before the year 2012). It is expected that this...
Seeking additional progressiveness of the taxation system and making richer inhabitants contribute the sponsorship of the public expenses; from the 1st of January 2012 not only the real estate used for business purposes,...
Together with the Law on the Budget for the year 2012 there were some tax changes made in Lithuania. The purpose of these tax changes was to stimulate the development of the small...
November, 2011
During the year of 2010 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country. Lithuania, followed...
October, 2011
During the year 2011 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country. Lithuania,...
September, 2011
During the year 2011 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country. Lithuania, followed by the crisis...
As of the end of July, 2011 Lithuanian tax inspection applies new practice – royalties paid out to the company registered in other EU state are not taxed. Before that the withholding tax rate applicable to...
One of the goals of State Inspection in Lithuania recently was to implement the new legal framework for the taxation of expatriates in Lithuania. So far tax law commentaries did not precise the...
During the year 2009 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country.Lithuania, followed...