Royalties taxation has been changed

From the 1st of August 2017 the social insurance contributions should be paid only from 50% of the royalty’s amount, if the author receives income not from his / her employer.

We would like to note, that it is not important, whether the author has employment relationships with other employers.

Moreover, from the 1st of August 2017 income received on the grounds of copyright license agreements is exempted from the social security contributions.

Recent Posts

Expanding your business in the Baltic States: what challenges lie ahead and how to overcome them - Leinonen
February 14, 2025

Expanding your business in the Baltic States: what challenges lie ahead and how to overcome them

When companies look to expand into foreign markets, the Baltic States often become the first choice. Operating in neighboring countries presents numerous opportunities but also…

Continue reading
Key Criteria for Choosing an Accounting Program: Essential Solutions for Effective Financial Management - Leinonen
February 5, 2025

Key Criteria for Choosing an Accounting Program: Essential Solutions for Effective Financial Management

In today’s business environment, financial accounting and operations management are inseparable from the use of digital tools and advanced applications. Whether establishing a new company,…

Continue reading
January 6, 2025

PAYROLL IN LITHUANIA: KEY INSIGHTS INTO REGULATION AND TAXATION

Understanding the complexities of payroll laws is essential for employers and employees alike to ensure compliance and foster a productive work environment. This guide provides…

Continue reading