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Doing Business Guide in the Baltics.
01.09.2014
The Law on Tax Administration, originally adopted in 13 April 2004, sets out the general taxation principles in Lithuania. This law sets basic concepts and regulations which must be observed in...
28.08.2014
European Union has not been a big player regarding taxation within member states. EU has considered that taxation is something the states should be complying with by themselves. The...
20.06.2014
Lithuanian government has submitted Tax administration law amendment which increase control powers granted to Lithuanian tax authority. After negotiations Parliament budget...
19.02.2014
Price fixing generally is understood as the restriction of the buyer's ability to determine its sale price. However not every commercial practice suggesting RRP or setting maximum...
26.11.2013
Lithuanian Seimas enacts amendments to Personal income tax (PIT) law. Among the welcome improvements is lowering of PIT for most common transactions. Since 2014, dividends and royalties to management and...
07.06.2013
Lithuanian law on tax administration introduced a new requirement which is significant to investors doing Business in Lithuania. Article 421of law on tax...
25.02.2013
During the economic crisis a question of costs optimization has become one of the top ones. Consequently, many people started searching for tax planning opportunities in order to move their...
07.01.2013
Starting from January 1st 2013 few tax changes came into force. What concerns the Lithuanian VAT law, preferential VAT rates are applicable for few new categories of...
17.12.2012
In the companies, where the total amount of the consideration for goods and/orservices suppliedduring a year...
07.11.2012
In the year 2012 Lithuanian economy kept growing slowly, but steadily. As Lithuania has not still entered the Euro zone, Euro zone problems shattering Southern Europe countries have not touched...
15.10.2012
The Lithuanian Finance Ministry proposed to commence negotiations for the avoidance of double taxation and prevention of fiscal evasion...
23.07.2012
Lithuanian Parliament (Seimas) on June 29th, 2012 adopted few changes of the Law on Corporate Income Tax. These changes come into force on 1st September...
15.03.2012
Since 2012 the company has the obligation to register as a VAT payer in Lithuania if its turnover per year is more than 45.000 EUR (instead of 29.000 EUR, which was before the year 2012). It is expected that this...
13.03.2012
Seeking additional progressiveness of the taxation system and making richer inhabitants contribute the sponsorship of the public expenses; from the 1st of January 2012 not only the real estate used for business purposes,...
09.03.2012
Together with the Law on the Budget for the year 2012 there were some tax changes made in Lithuania. The purpose of these tax changes was to stimulate the development of the small...
14.11.2011
November, 2011 During the year of 2010 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country. Lithuania, followed...
19.10.2011
October, 2011 During the year 2011 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country. Lithuania,...
05.10.2011
September, 2011 During the year 2011 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation...
22.09.2011
September, 2011 During the year 2011 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country. Lithuania, followed by the crisis...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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