image
Ask our legal expert!
Gencs Valters
image
images
Ask our legal expert!
Gencs Valters
Claim your FREE copy
Doing Business Guide in the Baltics.

Lithuanian Corporate Income Tax Changes since September 1st, 2012

23 July 2012
Facebook Twitter Linkedin

 

Lithuanian Parliament (Seimas) on June 29th, 2012 adopted few changes of the Law on Corporate Income Tax. These changes come into force on 1st September 2012 and are related to the new Lithuanian Law on Small Communities coming into force on the same day. A small community is an absolutely new legal form of a legal person which has been created to facilitate establishment of small and medium business.

 

As follows, the Law on Corporate Income Tax has been supplemented by provision that amount from which social insurance contributions of a member of the small community are counted and paid, are attributed to allowed deductions. A member's of the small community trip from a permanent work place to perform work tasks or to raise qualification, if properly formalized, is considered as a business trip.

 

Amendments adopted on June 29th, 2012 and announced on 14th July, 2012.

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


folow us folow us folow us rss

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

© Gencs Valters Law Firm, 2016
Submit
Claim your FREE copy
Doing Business Guide in the Baltics.