News
Decision of The Supreme Administrative Court
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…
Submission of the consignment notes’ data to i.VAZ system
1. Is it obligatory for entities to submit the data from consignment notes to i.VAZ? There is an obligation to submit the data from…
Decision of The Supreme Administrative Court
Decision of The Supreme Administrative Court of Lithuania regarding the obligation of the company to collect information about a credibility of its business partners. Based…
Smart Tax Administration System i.MAS
3 major obligations as a result of which companies may be caused to sustain significant IT costs. The State Tax Inspectorate is developing a smart…
Interview with Zita Merkelienė, Country Manager for Leinonen Lithuania
Economical situation in Lithuania is on the level that new foreign investments are quite active in our country. Even though the growth of the economy…
European Union Court of Justice
VAT taxation of unused local flight tickets. EUCJ has explained, that the issue by an airline company of tickets is subject to value added tax…
Smart Tax Administration System (I.MAS) – 7 subsystems
I.MAS will consist of 7 subsystems:1. Smart cash register subsystem (i.EKA) – taxpayers will be obliged to provide information to the tax authority on cash…
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Tax news 2016
• One due date rule has been established for tax payments and declarations – by the 15th day of the respective month, except VAT, which…
The exchange of ‘bitcoin’ into traditional currency – VAT treatment
EUCJ ruled, that aforementioned transactions constitute the supply of services for consideration and are exempt from VAT according to article 135 (1) e of Directive…