In one of the largest greenfield plant construction projects in Kaunas Free Economic Zone (FEZ), we represented EU companies that were hired as contractors for certain works. In the complex construction process, we advised contractors (EU companies) on VAT and permanent establishment (corporate income tax) obligations in Lithuania and helped them to fulfill them properly.
TAXATION OF INCOME RECEIVED FROM A VIRTUAL CURRENCY
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...