News
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
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
Explanation regarding issuing VAT invoices for advanced payments and afterwards – for “final” VAT invoice. Below is an explanation regarding issuing VAT invoices for advance…
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,…
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…
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…
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…
Incentives for companies
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…
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…