News
Leinonen Lithuania welcomes the new country manager
Povilas Sadaunykas has been appointed as the new director of Leinonen Lithuania. In this position, he replaces Milda Ugianskienė, who has been the head of…
The most common mistakes when declaring corporate income tax
Approaching the deadline for filing a corporate tax return, we would like to draw your attention to the most common mistakes when declaring income tax.…
Workation. How to workation correctly?
Workation is becoming increasingly popular as a way to combine work and leisure by performing work functions in exotic or unusual locations. This can be…
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…