February 14, 2017

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…

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February 8, 2017

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…

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January 23, 2017

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,…

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January 17, 2017

TOP 1 mistake in VAT during 2016: typical situations, when the supply or transfer of goods from Lithuania to another EU country is subject to VAT taxation in Lithuania

Making analysis of various VAT schemes of our Clients, we have noticed, that Clients do not take into account the negative tax consequences, related to…

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January 13, 2017

New EU Regulation on services, related to immovable property

According to the Regulation, the following shall be regarded as immovable property: ·     any specific part of the earth, on or below its…

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December 16, 2016

 Amendments to VAT and Excise Duties Laws

Moreover, from 1 January 2017 the VAT Law amendments come into force, on the grounds of EU Regulation No. 952/2013 from 9 October 2013, which…

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November 30, 2016

Incentives for companies providing services to pursue business in Free Economic Zones

Previously, the company could use the tax incentive if it was registered in FEZ, had the capital investment of no less than EUR 1 million…

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November 23, 2016

Information concerning business trips of employees

Business trips to Lithuania The Law mentioned above is applied when an employee is posted to work temporarily in Lithuania:1.     under a contract…

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November 4, 2016

Decision of The Supreme Administrative Court of Lithuania regarding the right to input VAT deduction to bankrupting companies 

The bankruptcy administrator representing the bankrupting companies has purchased services (e.g., accounting, security of real estate, legal, electricity and others) which were essential and unavoidable…

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