Easier debt recovery using PLAIS system

The system centralises administration of information on monetary fund restrictions, sends information to banks on restrictions orders and proportionally distributes funds to creditors. Previously a creditor who presented orders on funds restriction to a bank first, recovered his debt first.

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Taxation of Christmas Bonuses in Lithuania: 2026 Guide
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Christmas Bonuses in Lithuania: 2026 Guide 

Christmas bonuses in Lithuania can be either performance-based or given as a gesture of goodwill during the festive season. A 13th month bonus is not…

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i.MAS in Lithuania - Leinonen Lithuania
October 29, 2026

i.MAS in Lithuania: What Foreign Businesses Need to Know in 2026 and 2027

Lithuania’s Smart Tax Administration System, i.MAS (Išmanioji mokesčių administravimo sistema), has been the backbone of the country’s digital tax control since 2016. A decade on,…

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September 14, 2026

VAT in Lithuania – Common Mistakes and How to Avoid Them

Value added tax (VAT) – is a tax applied to goods and services in all EU countries. All countries set the rates of this tax…

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