Not genuine arrangements and risks that dividends may be taxed Dec 08

On March 2016 the Lithuanian State Tax Inspectorate (hereinafter - the STI) has renewed Art. 32 part 6 of the Lithuanian Corporate Income Tax Law and stated that dividends paid according to not genuine arrangements which main purpose or one of the main purposes were to receive taxing benefits, may be taxed, i.e. „participation exemption“ may not be applied. Based on the Corporate Income Tax „participation exemption“ may be applied and dividends may be exempt from tax if they are paid to entities which control not less than 10% of the company‘s shares for a period not shorter than 12 months.
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Lithuania has improved its ranking in the report „Doing business 2018“ Nov 24

Lithuania is among 20 the most business-friendly countries in the world according to the report „Doing business 2018“ published by the World Bank. Lithuania has reached 16th place, last year Lithuania was in 21st place.
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From 2018 minimum monthly salary will be increased Nov 09

The Government of the Republic of Lithuania has approved a resolution, according to which the minimum official monthly salary will be increased from 2018.
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STI commented regarding the application of 0% VAT rate to the transportation services Oct 31

The State Tax Inspectorate (hereinafter – the STI) released the explanation regarding the European Union Court of Justice (hereinafter – the ECJ) case C-288/16.
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The obligation to inform the STI which entity will submit the Country-by-Country report Sep 29

The Multinational Groups (hereinafter - MNE) which operate within the European Union (hereinafter – the EU) with total consolidated revenue equal to or higher than 750 million EUR should submit the Country–by–Country Report (hereinafter – the CbCR) to the State Tax Inspectorate (hereinafter – the STI).
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Requirement to notify regarding workers posted to Finland Sep 15

From 1st  of September 2017 the Finnish legislation act came into force, according to which the European Union companies should inform the Finnish occupational safety and health authority regarding workers posted to Finland in advance. Read more ›

Aspects of the personal data protection reform relevant to the companies Aug 25

Starting from 25 May 2018 the General Data Protection Regulation 2016/679 (hereinafter – the Regulation) will become directly applicable. The liability for non-compliance with the requirements set forth in the Regulation has been made more severe: the administrative fines may amount to EUR 20 000 000 or in case of an undertaking, up to 4 % of the total worldwide annual turnover of the preceding financial year, whichever is higher. Therefore, the companies should get themselves responsibly ready for the enactment of the Regulation. Read more ›

Amended rules for an agreement with STI regarding the future transactions taxation Aug 18

The State Tax Inspectorate (hereinafter – the STI) amended the rules, which companies should follow in order to agree with the STI regarding the taxation approach of the future transactions.
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