News
VAT Relief
We would like to kindly inform you that Lithuanian government has approved a temporary VAT relief which will be valid until 31 December 2022. A…
Information regarding passport of opportunities and other changes
We would like to inform that from 24 May 2021 the passport of opportunities will enter into force in Lithuania. According to information provided…
Updated State Aid Measures for Business and Individuals Affected by Covid-19 – Lithuania
We would like to inform that Lithuanian Government has prepared new state aid measures for companies and individuals affected by COVID-19. Therefore, please find the…
Changes in taxation related to Brexit
We would like to inform that from 1 January 2021 the transitional period ended and the United Kingdom (hereinafter – the UK) had left the…
Baltic Tax Rates 2021 – Overview
Estonia Latvia Lithuania Corporate income tax (CIT) rate CIT is payable upon profit distributions (the deemed profit distribution). CIT rate is 20%, calculated as…
Information about case No. A-315-556/2020
Information about case No. A-315-556/2020 regarding the right to 0 % VAT rate We would like to inform about the case No. A-315-556/2020 issued on…
Employee Benefits – Contributions to Third Pillar Pension Funds
One of the most common long-term benefits offered to employees in Lithuania is contributions to third pillar pension funds. Accumulation in the third pillar pension…
Labour Code Amendments regarding business trips to Lithuania
In order to implement the provisions of Directive (EU) 2018/957, from 30 July 2020 the amendments of Articles 108 and 109 of the Labour Code…
Business in Lithuania – Important notice regarding tax arrears
Essential information regarding tax arrears in Lithuania We would like to remind you that on 16 June 2020 the quarantine in Lithuania was terminated,…