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Doing Business Guide in the Baltics

Tax services in Lithuania


Tax services has been one of our core practice areas since the very foundation of the law firm. Our law firm has been recognized by our clients as first tier tax advisor in Latvia. Since 2008 we have also been providing tax services in Estonia and Lithuania. We offer tax advice in international and domestic tax planning, tax litigation, market entry strategies and cross-border tax issues. Along with our deep knowledge of taxation we are able to offer a truly comprehensive legal service in other practice areas, such as mergers and acquisitions.

 

Lithuania remains attractive to foreign investors because of favorable tax planning opportunities. Notably, the corporate income tax has dropped to 15 percent (from 20 percent). Moreover, small businesses that employ 10 or fewer employees and have an annual income of EUR 290.000 or less are eligible for a special 5 percent corporate income tax rate (previously 13 percent). Also, a new law allows the transfer of losses from 2010 and earlier between a Lithuanian resident parent company and its domestic subsidiaries. Until 2013, companies were able to take part in investment projects that offered attractive tax benefits.

 

For further assistance on tax planning, please contact our law firm.

 

 

The full list of fields of our expertise in taxation is as follows:

 

. Accounting consultancy in Lithuania

. Appeal of Tax assessments in Lithuania

. Arranging residence certificates according to double taxation agreements in Lithuania

. Business profit tax in Lithuania

. Capital gains in Lithuania

 

. Corporate income Tax in Lithuania

. Dependant services tax in Lithuania

. Dividend taxation in Lithuania

. Double taxation treaties in Lithuania

. Exchange of tax information in Lithuania

 

. Excise tax in Lithuania

. Income from immovable Property tax in Lithuania

. Independent services tax in Lithuania

. Interest tax in Lithuania

. International cross-borders transactions in Lithuania

 

. Land transfer dues in Lithuania

. Natural resource tax in Lithuania

. OECD Model tax in Lithuania

. Packaging tax in Lithuania

. Payroll taxes in Lithuania

 

. Permanent establishment tax in Lithuania

. Personal Taxation, including filing of Annual Tax returns for expatriates in Lithuania

. Preparation of declarations in Lithuania

. Property tax in Lithuania

. Representation before Tax authorities in Lithuania

 

. Royalty taxation in Lithuania

. Social Security in Lithuania

. State dues in Lithuania

. Tax planning and optimization in Lithuania

. Tax audits in Lithuania

 

. Tax litigation in Lithuania

. Tax on capital in Lithuania

. Taxation of income Law in Lithuania

. Transfer pricing in Lithuania

 

. Value added tax representative in Lithuania

. Vat representations and registration in Lithuania

. Withholding Taxes in Lithuania

For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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The material contained here is not to be construed as legal advice or opinion.

© Gencs Valters Law Firm, 2016
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