Recently, the State Tax Inspectorate of the Ministry of Finance of the Republic of Lithuania revised the Lithuanian Advance Pricing Agreements (APAs), which came into effect on 31 March 2022.
Among other changes, the amendments also provide for an obligation for the taxpayer to notify the tax authorities immediately of an important change in the information and/or critical assumptions referred to in the APA, so that the tax authorities can assess the validity of the decision made.
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