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Changes in tax aid measures terms

We would like to inform that the State Tax Inspectorate (hereinafter - STI) has announced that the Government approved the proposal of STI and by decision No. 59 until 30 April 2021 extended the application of tax aid measures to companies affected by COVID-19.

Please be also informed that STI has announced a new list of companies affected by COVID-19, for which until 30 April 2021 and two months after, no interest will be calculated and also no tax collection actions will be enforced. You can view the new list here: Informacija verslui - VMI

The mentioned new list is concluded based on the company's performance indicators, for example the list does not include companies with turnover which did not decrease in October, November 2020, compared to the same period in 2019. Also, the list does not include companies included in the list of unreliable taxpayers. Please be also kindly noted that STI reserves the right to verify if the company faces real financial difficulties due to COVID-19 in order to be included in the mentioned list.

In order to conclude an interest-free tax loan agreement, the company included in the new list will have to submit an application to the STI until 30 April 2021, as the tax loan agreement shall be concluded until 30 June 2021.

Companies that were considered to be affected by COVID-19 during the spring quarantine, but are now not restricted in their activities, could use tax aid measures (for tax arrears accrued until 31 December 2020) until 28 February 2021. During such period, the mentioned companies may apply to the STI for the conclusion of an interest-free tax loan agreement.

Moreover, the companies who are not included in the new list, but who have also experienced financial difficulties due to COVID-19, will soon be able to apply to the tax administrator for the tax aid measures. The STI has announced that such institution is currently preparing a standardized application form that companies will have to submit through My STI system. Regardless of time of submission of the application, the tax aid measures will be applicable from 1 January 2021 once the application is granted.

Should you have any questions, please do not hesitate to contact Leinonen Tax team and we would be happy to provide you with more information about the mentioned changes or support with communication with STI which may be relevant to Your business.

The information above was prepared by the Leinonen tax team.


11.01.21


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Evelina Dausėnaitė

Evelina Dausėnaitė

Head of Tax & Legal

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Mobile: +370 699 77637

Email: evelina.dausenaite(at)leinonen.lt

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