News
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…
Increase of the minimum monthly wage from 2020
From January 1, 2020 the gross minimum monthly wage in Lithuania will be EUR 607, 9,4% higher than it is now – EUR 555. Meanwhile,…
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…
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…
Exemption from penalties and late payment interest
We would like to inform you that until July 1st, 2019 there is a one-time opportunity in Lithuania to declare and/or adjust taxes and be…
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…
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“:· …
Amendments of daily allowances from 01.07.2018
The most important changes are as follow:– some countries have been excluded from the list of maximum daily allowances (hereinafter – the…