Lithuania's parliament (Seimas) approved the ratification of the tax treaty on income and capital with Andorra on 12 November 2024. Earlier, the Lithuanian government approved the income and capital tax treaty with Andorra on 11 September

The Delhi High Court delivered a judgement regarding the tax authority's rejection of SABIC India Pvt. Ltd.'s chosen transfer pricing method, ruling that the tax authority is required to provide justification when rejecting a taxpayer's chosen

The Lithuanian parliament is currently reviewing a draft law concerning the State Social Insurance Fund Budget for 2025, which outlines changes to social insurance contribution rates. Under the proposed framework, employee contributions will

Lithuania’s Ministry of Finance submitted the draft Budget for 2025 to the parliament on 16 October 2024 which includes proposed amendments to the Law on Personal Income Tax, among other tax provisions. The proposal outlines an increase in the

Lithuania has terminated its tax treaty with Russia on 11 October 2024, published Law No. XIV-2991 in the Official Gazette. Lithuania's Ministry of Foreign Affairs stated that the treaty will expire on 1 January 2026. Earlier, Lithuania’s

Lithuania's Ministry of Finance has announced a draft law on the Elimination of Double Taxation and the Prevention of Tax Evasion and Avoidance, which proposes to include in the Lithuanian legal system the solutions for the avoidance of double