The income tax treaty between Andorra and Lithuania entered into force on 24 December 2024. This agreement aims to eliminate double taxation on income and capital, fostering closer cooperation between the tax administrations of both countries to

The Lithuanian Parliament (Seimas) accepted for consideration Draft Bill No. XVP-90 which aims to introduce a reduced 9% VAT rate on essential food products on 30 December 2024. The proposed bill also includes a measure to extend the lower VAT

The Lithuanian government has introduced new tax proposals focused on economic growth and equality in the tax system on 12 December 2024. The proposals include tax incentives for investment in advanced production technologies and green energy.

Lithuania’s tax authority has revised its Country-by-Country (CbC) reporting requirements for multinational enterprises (MNEs), effective from  21 November 2024. All notifications must now be submitted electronically via the "Mano VMI"

Lithuania has published its budget plan for the three-year period from 2025 to 2027 in the official gazette on 19 December 2024. Key changes include an increase in the tax-exempt income threshold for 2025. Even though the budget for the next

The Lithuanian Parliament (Seimas) has approved the ratification of the income and capital tax treaty with San Marino On 17 December 2024. Earlier, officials from Lithuania and San Marino signed a tax treaty on 17 May 2024. This agreement will