News
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…
Tightened requirements for virtual currency service providers
On June 30, 2022, the Law of the Republic of Lithuania on the Prevention of Money Laundering and Terrorist Financing (law No. VIII-275) amending Articles…
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…
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 about 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
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…
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…
Increase of the business trip coefficient – illegal
The Constitutional Court of the Republic of Lithuania adopted the decision that the Government Resolution „On the amendment of the approval of the rules for…