Taxation in Lithuania
Anyone aspiring to open a limited liability company (UAB), joint stock company, representative office or other business entity in Lithuania needs to put tax compliance at the top of their list of priorities. Failing to do this could lead to difficult interactions with local tax authorities that could slow your plans, damage your reputation and result in financial losses and fines. For that reason, you need to work with a tax consultant in Lithuania who fully understands the small details of tax law. One with much real-world experience dealing with the State Tax Inspectorate and who has a comprehensive knowledge of the i.MAS system.
The Tax Advisor in Lithuania You Need
Meeting the expectations of the Lithuanian tax authority (VMI) should be a priority for anyone hoping to succeed in the Lithuanian market. The tax experts at Leinonen have decades of combined experience helping ensure businesses pay their fair share, and not 1 euro more. Regardless of the size or type of your company we provide accurate, dependable advice that helps you put tax worries aside so you can concentrate on other aspects of your business. Our taxation services in Lithuania include (but are not limited to):
- Tax review
- Help with tax investigations
- Help with VAT refunds
- Various tax advice
- Registration for payroll, tax and VAT purposes
- Assessment of obligations of permanent establishments
- Tax saving projects
- Preparation rulings
- Tax policies and other documentation
Expert Help With i.MAS
In 2016 Lithuania rolled out its new “intelligent” tax administration system, which they dubbed “i.MAS”. i.MAS is a web-based service composed of multiple systems with each system designed to focus on a different aspect of tax collection. The 3 primary systems are named i.SAF (used to report invoice data), i.VAZ (used for transport data reporting) and .SAF-T (used to assist the VMI with audits).
The VMI encourages and expects businesses to utilise the new system, so if you plan on doing business in Lithuania you will need to work with a tax consultant who is familiar with this. That company is Leinonen. We have more than 25 years of experience helping companies meet their tax requirements in Lithuania, including through the use of the i.MAS system.
Get in touch with Leinonen for all the taxation related needs
Leinonen’s tax advisory services are here to help you resolve tax disputes, file corporate income tax, bring you up to date on changes to Lithuanian tax law and act as an intermediary with the State Tax Inspectorate. Our only concern is to help you meet your tax requirements and the expectations of the VMI. If you want to succeed in Lithuania, tax compliance is a must. Get in touch with Leinonen today and let us help.
