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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…
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…
VAT Relief
We would like to kindly inform you that Lithuanian government has approved a temporary VAT relief which will be valid until 31 December 2022. A…
Citizens of the United Kingdom after Brexit
UK citizens and their family members who have acquired the right of residence in the Republic of Lithuania before 31 December 2020 have the same…
Information regarding passport of opportunities and other changes
We would like to inform that from 24 May 2021 the passport of opportunities will enter into force in Lithuania. According to information provided…
Updated State Aid Measures
We would like to inform that Lithuanian Government has prepared new state aid measures for companies and individuals affected by COVID-19. Therefore, please find the…
Registration for VAT purposes in Lithuania
Leinonen would like to inform you regarding the obligation for the Company to register for VAT purposes in Lithuania. VAT registration may be required in…
Changes in taxation related to Brexit
We would like to inform that from 1 January 2021 the transitional period ended and the United Kingdom (hereinafter – the UK) had left the…