August 26, 2020

Changes to restrictions related to VAT refund

We would like to inform that on 26 June 2020 the amendments on Law on Value Added Tax (further – VAT) were adopted, which establishes…

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August 20, 2020

Labour Code Amendments – Lithuania

The newly adopted amendments of the Labour Code of Republic of Lithuania (LC) establish additional rights for employees taking into account their state of health,…

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March 3, 2020

STI amended official commentaries regarding Health insurance

Voluntary health insurance (further – health insurance) contributions paid by the company for the benefit of employee may be exempt from Personal Income Tax (further…

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December 5, 2019

Business trips changes from 2020

Starting 1 January 2020 the following changes related to business trips come into force: 1.     Daily allowances taxation   In order to calculate…

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May 30, 2018

Corporate Income Tax incentives

Below we present the most common tax incentives Tax incentive Relevant to Main conditions 0% reduced rate of Corporate Income Tax Small companies on the…

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May 24, 2018

Reminder to the employers: do you meet the requirements of the new Labour Code?

1.     Without regard to number of employees working in the company:–         in all companies where the workplace is monitored…

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May 16, 2018

Important information regarding non-imposition of late payment interests for calculated environmental pollution tax

In this Explanation, the State Tax Inspectorate states that not the taxpayers, but the third parties are guilty for overdue calculation and payment of tax…

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May 10, 2018

OECD members agree to formally invite Lithuania as 36th member

Lithuania, according to the OECD recommendations, has adjusted about six dozen laws, especially in the areas of public enterprise management, anti-corruption, investment promotion and liberalization…

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May 3, 2018

Leinonen Belarus is now open for business in Minsk

As we now have fresh first-hand experience about establishing a new company in Belarus, we can confidently say that the process is quite easy and…

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