News
TOP 1 mistake in VAT during 2016
Typical situations, when the supply or transfer of goods from Lithuania to another EU country is subject to VAT taxation in Lithuania. Making analysis of…
New EU Regulation on services, related to immovable property
According to the Regulation, the following shall be regarded as immovable property: · any specific part of the earth, on or below its…
Amendments to VAT and Excise Duties Laws
Moreover, from 1 January 2017 the VAT Law amendments come into force, on the grounds of EU Regulation No. 952/2013 from 9 October 2013, which…
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…
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…
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…