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BUSINESS IN LITHUANIA
COMPANY ESTABLISHMENT Although the procedure to establish a business in Lithuania is quite straightforward, the help of experienced lawyers and specialists is needed. Throughout the…
E-residency in Lithuania
Foreign companies stepping into the Lithuanian market commonly encounter certain barriers while using digital services. Especially when the representatives of the branches and subsidiaries in…
ACCOUNTING IN LITHUANIA
GENERAL INFORMATION Accounting in Lithuania is regulated according to the following legal acts:• Accounting Law of the Republic of Lithuania*;• Business Accounting Standards or International Accounting…
TAX CHANGES IN LITHUANIA AS OF 1 JANUARY 2023
Changes of the minimum monthly salary from 1 January 2023 Please be informed that the minimum monthly salary has been increased by the Lithuanian Government…
TAX AID FOR TAXPAYERS AFFECTED BY THE ENERGY CRISIS
Lithuanian Tax Authorities (further – TA) on 31 October 2022 approved Description no. VA-83of the procedure for determining the criteria and administration of taxpayers with…
COMPENSATION FOR WORKING IN CERTAIN CONDITIONS WILL BE GRADUALLY REDUCED AND VOIDED AS OF 1 JUNE 2023
We kindly inform you that the Lithuanian legislator is seeking to reduce the possible unfair practice by paying part of the salary to employees as…
MORE FLEXIBILITY TO EMPLOYMENT OF HIGHER-PAID EMPLOYEES
The Labor Code of the Republic of Lithuania (LC) stands out as a comprehensive and detailed legal act that regulates many aspects of the relations…
International Payroll – Successfully operating globally with minimal reputational risk
Money is a sensitive matter and managing employee salaries should always be handled with the utmost care, confidence, and punctuality. When expanding your business, international…
Going Global – 5 Important Aspects
Over 25 years of experience has brought us hundreds of clients along the way wanting to expand their businesses abroad. Being good or maybe even…