November 30, 2016

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…

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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

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…

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October 11, 2016

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…

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August 24, 2016

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…

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May 25, 2016

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…

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February 10, 2016

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…

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January 13, 2016

Declaration on Compliance of Packaging

The procedures shall be applied to all empty packaging and packaging filled with goods placed on the market, except for the packaging filled with goods,…

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January 13, 2016

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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