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How to correctly calculate annual leave in Lithuania?
In Lithuania, during annual leave, employees are paid the average salary also known as holiday pay. The calculations of these holiday pays are regulated by…
Dividend allocation, payment and taxation in Lithuania
Dividends are considered as a part of the profit allocated to the shareholder in proportion to the nominal value of the shares owned by such…
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…
Liquidation or dormancy of the legal entity?
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…
Embracing the Digital Shift
A Comprehensive Guide to e-Invoicing in Lithuania. In response to a global shift towards digitization, Lithuania has embraced eInvoicing with open arms, revolutionizing the landscape…
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…
Why is budgeting important for every business?
Year-end is a special time for companies preparing for the coming year. Typically, one of the most important processes for a successful company is the…
What makes the free economic zone (FEZ) attractive to investors?
When thinking of creating your own business or developing it, building a factory, logistics center, warehouse, etc., the first thing to look for is a…
Why companies are late in submitting their annual financial statements?
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…