July 1, 2020

Changes in non-taxable income in Lithuania

Non-taxable income amount changes starting 1 July 2020 In order to promote consumption and increase the income of the lowest earners, amendments to the Law…

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May 6, 2020

COVID-19 – support for micro companies

We would like to inform that Lithuanian government has introduced new one-time subsidy which may be paid within 3 business days. The above-mentioned support measure…

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February 11, 2020

New evidences while transporting goods to other EU countries

We would like to inform you that from January 1, 2020 the Council Implementing Regulation 2018/1912 amends the provisions of Regulation 282/2011 regarding the evidence…

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January 2, 2020

Participation in VAT fraud – how to avoid it?

Leinonen tax team would like to share insights on where businesses should pay attention in order to avoid being involved in VAT fraud. 1.   …

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December 12, 2019

Changes in Stock Options taxation

On 1 February 2020 amendment of part 1 of Article 17 of Lithuanian Law on Personal Income Tax (PIT), which lists non-taxable income of the…

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July 17, 2019

Folder with answers to the most common questions asked by investors

More than 20 years in Lithuania Leinonen team creates and assists in managing accounting and tax policies, ensuring legal compliance for our clients who are…

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June 14, 2019

Local VAT reverse charge mechanism for electronic goods comes to Lithuania

From August 1, 2019 local VAT reverse charge mechanism will be applied to mobile phones, tablets, laptops and hard disks. These types of goods are…

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November 23, 2018

Changes of minimum monthly salary from 1 January 2019

minimum hourly salary will be EUR 3,39. minimum monthly salary will be EUR 555; These minimum amounts are already multiplied by coefficient 1,289, therefore additional…

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August 16, 2018

Salary calculation changes from 2019

Currently there are two types of taxes which are calculated from the salary stated in the employment agreement, i.e. „employee‘s taxes“ and „employer‘s taxes“:·  …

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