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Doing Business Guide in the Baltics.
21.09.2021
Electronic Money Institution in Lithuania for Sale
Lithuania has set an ambitious goal of becoming a regional centre of excellence in the prevention of money laundering and terrorist...
17.09.2021
Small Electronic Money Institution in UK for sale
In the United Kingdom, there are two types of EMIs which are Small EMI in UK (Small Electronic Money Institution UK) and Authorised...
16.09.2021
Electronic Money Institution in Malta for Sale
Lately we introduced you with sales offers for Electronic Money Institution in UK , API in UK, it is clear that to operate with electronic...
15.09.2021
Electronic Money Institution in UK, Lithuania and Malta for Sale
There are several options to acquire to E- money license in UK. As mentioned...
27.11.2018
From the January 1, 2019, there are changes in personal income tax in Lithuania. New monthly minimal wage is set at 555 Eur (bruto) and hourly wage at 3,39 Eur (bruto).
Progressive personal income tax rates in...
27.07.2018
Tax residency in Lithuania
There are several possibilities how to become tax resident in Lithuania.
Criteria for individuals to be considered a tax resident in Lithuania
An individual (natural person) is treated as a tax...
02.09.2016
Requirements for company
In order to benefit from reduced corporate income tax, a company shall have not more than 10 employees and its turnover shall not exceed 300 000 EUR during a fiscal year. For tax purposes...
10.06.2016
Corporate income tax in Lithuania is paid by domestic companies – residents, non-residents and non-resident permanent establishments that perform economic activity in the country.
Taxable objects...
21.04.2016
A micro company (MB) is a legal form of business that was introduced in Lithuania in 2012.
MB is not required to have a minimum share capital, thus a micro company may be...
21.10.2015
Consolidated reporting is regulated by the Law on Consolidated Financial Statements of Enterprises. An entity having one or several subsidiary undertakings must draw up...
03.08.2015
Nowadays word-of-mouth is not considered a reliable way to inform customers about company’s production. Advertising is crucial in order to get rapid sales of a product or service, and to have a successful...
14.05.2015
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
non-residents;
non-resident permanent establishments that perform economic activity.
Taxable...
06.05.2015
General corporate income tax rate in Lithuania is 15%. However, following the provisions of the Law on Corporate Income Tax, small companies can benefit from 5% corporate income...
17.03.2015
Structure
Personal income tax is imposed on income acquired by a natural person, and it consists of:
income from employment;
business income (self-employed income);
gains from transfer of...
05.02.2015
Lithuania has included 58 countries to a list of low or no tax states. Transactions with these countries have special regulations and are subject to particular taxes applicable for individuals and...
26.01.2015
Few Corporate income tax amendments applicable for 2014 income is a good sign, indicating stability in Lithuanian corporate tax system. Besides that, most of law changes are business...
20.01.2015
Beginning of new financial year is a need to review legal requirements applicable to taxation of 2014 year’s income. There were several substantial amendments of Personal income tax law in...
20.11.2014
The law which determines the rules of payment of this tax is the Law on Real Estate Tax of the Republic of Lithuania (hereinafter – the Law). According to the provisions of the Law, Lithuanian and foreign natural persons as...
05.11.2014
The Law on Value Added Tax of the Republic of Lithuania is the main legal act regulating calculation, payment and declaration of value added tax. Currently in Lithuania value-added tax (VAT) rate is 21%. It shall be...
20.10.2014
On the January 1, 2006 a Law on Real Estate Tax has entered into force. The tax ranges from 0,3% to 3% and it is paid by real estates intended for certain purposes (administration, accommodation, trading, services, catering,...