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

India’s Central Board of Direct Taxes (CBDT) has published its 6th Annual Report on the country’s Advance Pricing Agreement (APA) programme for the fiscal year 2023-24. A record 125 APAs were signed, marking the highest number in a single

India's Central Board of Direct Taxes (CBDT) issued Notification No. 6/2025, providing rules for an exemption from tax collection at source (TCS) on goods purchased by units of an International Financial Services Centre (IFSC), effective from 1

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"