News

6 days ago

Common VAT Mistakes in Lithuania and How to Avoid Them

Value added tax (VAT) – is a tax applied to goods and services in all EU countries. All countries set the rates of this tax…

Continue reading
March 12, 2024

Leinonen Group is searching for an Assistant Controller

Leinonen Group is searching for an Assistant Controller based in Tallinn or Helsinki, to work with Group CFO to develop financial processes and tools in…

Continue reading
March 5, 2024

Liquidation or dormancy of the legal entity? Which option to choose.

In the constantly changing business world, it is sometimes needed not only to expand business activities, but also to suspend them or even to liquidate…

Continue reading
February 15, 2024

Embracing the Digital Shift: A Comprehensive Guide to eInvoicing in Lithuania

In response to a global shift towards digitization, Lithuania has embraced eInvoicing with open arms, revolutionizing the landscape of domestic finance. The Law on Public…

Continue reading
January 19, 2024

Can a company have more than one director?

Over 4 000 private limited companies were established in Lithuania last year. This legal form of legal entity (together with small partnerships) has been one…

Continue reading
January 9, 2024

BALTIC TAX RATES FROM 1 JANUARY 2024

  Estonia Latvia Lithuania Corporate income tax (CIT) rate   CIT is payable upon  profit distributions (the deemed profit distribution).  CIT rate is 20%, calculated as…

Continue reading
December 18, 2023

Why is budgeting important for every business and what are the risks of relying on inaccurate financial data?

Year-end is a special time for companies preparing for the coming year. Typically, one of the most important processes for a successful company is the…

Continue reading
November 21, 2023

What main points to consider when having transactions with foreign companies?

When foreign company has permanent establishment in Lithuania, it is clear, that it must calculate and pay corporate income tax. Is there are any other…

Continue reading
November 13, 2023

What makes the free economic zone (FEZ) attractive to investors?

When thinking of creating your own business or developing it, building a factory, logistics center, warehouse, etc., the first thing to look for is a…

Continue reading

Get in Touch

    +370 5237 5040