News
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…
December 15, 2015
3 essential factors for the successful performance of inventory obligations
The said obligation is enforced in the Law on Financial Accounting of the Republic of Lithuania, indicating thereof that accounting data are based on the…
October 23, 2015
Easier debt recovery using PLAIS system
The system centralises administration of information on monetary fund restrictions, sends information to banks on restrictions orders and proportionally distributes funds to creditors. Previously a…
September 16, 2015
Reverse-charge VAT
Reverse-charge VAT is applied on goods bought together with installation services. It must be noted that this applies only in cases when such goods are…