Lithuania: VMI clarifies EU VAT scheme for small businesses
The Lithuanian State Tax Inspectorate (VMI) announced the publication of guidelines on how to become users of small business schemes for VAT exemptions in other EU member states on 21 January 2025. The rules are accessible through the VMI
See MoreLithuania moves to terminate 1995 tax treaty with Belarus
Lithuania issued Law No. XV-103 in the Official Gazette on 22 January 2025. Earlier, the Lithuanian government approved a draft law to terminate the 1995 tax treaty with Belarus on 13 November 2024. This decision comes after Belarus suspended
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Lithuania raises dividend tax rate from January 2025
Lithuania’s State Tax Inspectorate (STI) has introduced new guidelines on the increase of the dividend tax rate from 15% to 16%, effective from 1 January 2025. A dividend tax is levied by a jurisdiction on dividends paid by a corporation to its
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Lithuania introduces new VAT registration rules
The State Tax Inspectorate of Lithuania has issued a new order (VA-5) outlining updated procedures for registering and deregistering VAT identification numbers for taxable persons. The order was published on 17 January 2025 and is effective from
See MoreLithuania, Belarus tax treaty ends in January 2026
Lithuania's State Tax Inspectorate (STI) announced on 29 January 2025 that the 1995 treaty with Belarus was formally terminated. Lithuania announced the termination of the treaty by publishing Law No. XV-103 in the Official Gazette on 22 January
See MoreLithuania proposes further VAT rule amendments for small businesses
The Ministry of Finance has made further amendments to the Law on Value Added Tax (VAT), refining previous proposals and enhancing alignment with EU Directive 2022/542 on 27 January 2025. The amendments include key updates such as the expansion
See MoreAndorra, Lithuania income tax treaty enters into force
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
See MoreLithuania considers reduced VAT on essential foods, services
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
See MoreLithuania: Government proposes tax incentives to boost economic growth, reduce income inequality
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.
See MoreLithuania updates CbC reporting rules for MNEs
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"
See MoreLithuania gazettes 2025-27 budget, increases tax-exempt income threshold
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
See MoreLithuania: Parliament approves tax treaty with San Marino
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
See MoreLithuania terminates tax treaty with Belarus
The Lithuanian parliament (Seimas) has passed the law to terminate the 1995 tax treaty with Belarus on 17 December 2024. Earlier, the Lithuanian government approved a draft law to terminate the treaty with Belarus on 13 November 2024. This
See MoreLithuania: Government approves ratification of tax treaty with Taiwan
The Government approved the draft Law for ratification of the tax treaty with Taiwan. The announcement was made by the Lithuanian Ministry of Finance on 11 December 2024. The agreement seeks to eliminate double taxation and to prevent tax evasion
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San Marino ratifies DTA, amending protocol with Netherlands, Malta, Lithuania
The Sammarinese Official Gazette published Decree No. 184/2024, 185/2024, and 186/2024 on 28 November 2024 ratifying the Double Taxation Agreement (DTA) with the Netherlands, the third protocol to the Double Taxation Agreement (DTA) with Malta and
See MoreSan Marino: Parliament approves tax treaty with Lithuania
San Marino's parliament ratified the income and capital tax treaty with Lithuania on 25 November 2024. Earlier, Officials from Lithuania and San Marino had finalised an income tax treaty on 17 May, 2024. This agreement, a first between the two
See MoreLithuania ratifies tax treaty with Andorra
Lithuania published Law No. XIV-3099 of 11 May 2023 in the Official Gazette on 20 November 2024 which pertains to the ratification of the income and capital tax treaty with Andorra. Earlier, Lithuania’s parliament (Seimas) approved the
See MoreLithuania proposes tax reforms on DAC8, reporting tax information
Lithuania’s government has proposed several tax reforms to curb tax evasion and improve compliance as per international standards. These include DAC8 and amending the Code of Administrative Offences, among others. On 9 October 2024, the
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