M-Filter established their operations in Lithuania in 2011 and has thus now been operating in Lithuania for two years. From the very beginning it has outsourced all financial processes to Leinonen including payroll and accounting.
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…
THE BASIC REQUIREMENTS FOR EMPLOYMENT CONTRACT An employment contract shall be concluded in written between the employer and the employee. The contract shall be drawn…
Estonia Latvia Lithuania Corporate income tax (CIT) rate: CIT is payable upon profit distributions (the deemed profit distribution). CIT rate is 20%, calculated as 20/80…
