News
Labour code amendments as of 1 August 2022
New amendments to the Labor Code of Lithuania are entering into force on August 1, 2022. Please check below the main changes that come into…
Changes in legislation regulating reduction of daily allowance
As of 1 July 2022 Government Resolution No. 526 “On the Payment of Daily Allowance and Other Business Trip Expenses”, which sets the maximum amounts…
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…
Our thoughts are with everyone affected by the events taking place in Ukraine.
Our thoughts are with everyone affected by the events taking place in Ukraine. 🇺🇦 We denounce the war in Ukraine started by the Russian government…
Provision of information on beneficiaries to the Register of Legal Entities. What is IT important to know?
The start of a new year often brings new legislative changes or new opportunities to fulfill existing responsibilities. This year is no exception, as the…
5 Important Aspects to Consider When Going Global with Your Business
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…
Tax changes from 2022
Amendments to the Law on Personal Income Tax from 2022 1. From 2022 the minimum monthly wage increases The government has approved an…
Baltic tax rates from 1 January 2022
Estonia Latvia Lithuania Corporate income tax (CIT) rate CIT is payable upon profit distributions (the deemed profit distribution). The CIT rate is 20%, calculated…
Exit Tax in Lithuania
Starting 2020 new regulations related to transfer of assets to foreign countries were introduced to Lithuanian legislation and so-called exit tax was introduced. According to…