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 26, 2019

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,…

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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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January 28, 2019

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…

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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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June 7, 2018

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…

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