by admin | Feb 17, 2023 | Compliance
DEFINITION OF ‘A VIRTUAL CURRENCY’ Usually, when it comes to ‘a virtual currency’, this relates mainly to such measures as Bitcoin, Ethereum, Ripple, Litecoin, etc. For tax purposes, any instrument which by its characteristics is analogical to...
by admin | Oct 10, 2022 | Compliance
In practice, there are more and more cases when holding companies are challenged by the State Tax Inspectorate (hereinafter – the STI) on the grounds that the legal entity established in a foreign jurisdiction is only a formal, fake, intermediate, artificial entity...
by admin | Sep 27, 2022 | Compliance
A tax authority that has information that cars are registered in a company’s name often raises questions about the circumstances of the use of these cars in order to assess whether the cars are actually used for the company’s economic activity and whether...
by admin | Jul 7, 2022 | Compliance
All legal entities established in Lithuania (except for those whose sole participant is the state or a municipality) have to submit information on their final beneficiaries to the Registers Centre, the administrator of the Beneficiary Information System for Legal...
by admin | Nov 8, 2021 | Personal Income Tax
In economically strong countries options have been known for several decades, but in Lithuania, they have become more widely used only recently, with the change in the Law of the Republic of Lithuania on Personal Income Tax (hereinafter – Law on PIT) which introduced...
