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April 15, 2024

Payroll, Tax, and Employing Foreign Nationals in Lithuania

With a diverse range of opportunities in work and education, an outstanding healthcare system, and a low cost of living compared to the rest of…

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March 22, 2024

Common VAT Mistakes in Lithuania and How to Avoid Them

Value added tax (VAT) – is a tax applied to goods and services in all EU countries. All countries set the rates of this tax…

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March 5, 2024

Liquidation or dormancy of the legal entity? Which option to choose.

In the constantly changing business world, it is sometimes needed not only to expand business activities, but also to suspend them or even to liquidate…

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February 15, 2024

Embracing the Digital Shift: A Comprehensive Guide to eInvoicing in Lithuania

In response to a global shift towards digitization, Lithuania has embraced eInvoicing with open arms, revolutionizing the landscape of domestic finance. The Law on Public…

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January 9, 2024

BALTIC TAX RATES FROM 1 JANUARY 2024

  Estonia Latvia Lithuania Corporate income tax (CIT) rate   CIT is payable upon  profit distributions (the deemed profit distribution).  CIT rate is 20%, calculated as…

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September 5, 2023

Why companies are late in submitting their annual financial statements and what the consequences are of not submitting them on time

Although the deadline for submitting annual financial statements has passed, there are still cases when companies have not yet managed to submit them. One of…

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August 16, 2023

What to keep in mind when calculating payroll taxes in Lithuania?

Payroll taxes in Lithuania play a significant role in regulating the remuneration of employees. The Labor Code of the Republic of Lithuania provides guidelines for…

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June 27, 2023

Processes of optimization and workflows

„In a rapidly changing environment of business and technology, the field of accounting could not lag behind the development. Companies which had server based accounting…

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May 18, 2023

Leinonen Lithuania welcomes the new country manager

Povilas Sadaunykas has been appointed as the new director of Leinonen Lithuania. In this position, he replaces Milda Ugianskienė, who has been the head of…

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