News
Simplified procedure of VAT invoices submission to i.SAF subsystem
The STI informed, that the opportunity to submit registers in easier and faster way is already available: data could be submitted by using the machine-to-machine…
Additional explanation regarding data submission to i.VAZ subsystem
Below is a short description of the main changes: the parcel post, defined in the Lithuanian Postal Law (i.e. postal correspondence, parcel posts with weight…
Explanation regarding application of 5% VAT rate
The Commentary clarified, that taxable value of the outer package of the non-compensated prescribed medicines is the taxable value of the package after granting discounts.…
Updated list of long-term debtors to the State Tax Inspectorate
Long-term debtor is a legal person, which meets all the following criteria:· is a VAT payer;· tax…
Cases when gift vouchers are the subject to VAT
· if goods or services are identified in gift voucher, then reimbursement for the gift voucher could be treated as an advance…
New EU Regulation establishing procedure for blocking debtor’s bank account
Below is a short description of the main provisions. Creditor’s rights and obligations:· based on the Regulation, in case if a creditor…
Leinonen Group continues strong growth strategy and strengthens its position by acquisition of Norwegians Resultat Compagniet AS
Norway plays a significant role in Group’s strategy, as it is an interesting market area for the companies established in Finland, as well as for…
Explanation regarding issuing VAT invoices for advanced payments and afterwards – for “final” VAT invoice
Below is an explanation regarding issuing VAT invoices for advance payments received and issuing “final” VAT invoice for the supply of goods/services.1. VAT…
New Code of Administrative Offences
Below is a short description of the main changes, related to the finances of legal entities or their branches / representatives: According to the Code,…