• Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 11/6/2013

Lithuania - New form for reporting controlled, controlling entities 

November 6: In Lithuania, corporations reporting on controlled and controlling entities / persons are to use an amended Form FR0438 when filing data for the tax period starting in 2013 and for subsequent periods.

Other tax changes in Lithuania affect individual (personal) income taxation, including:

  • Application of an income recognition principle
  • Elimination of double taxation of income
  • Rules for returns filed by individuals departing permanently from Lithuania

Value added taxes (VAT) changes include:

  • Reduced VAT rates
  • Amended rules for VAT registration and deregistration
  • Updates to rules relating to VAT obligations of persons not registered as VAT payers

Other recent developments include amended rules for calculating the land tax in Lithuania.

Read an October 2013 newsletter [PDF 141 KB] prepared by the KPMG member firm in Lithuania: Tax, Legal and Accounting Newsletter

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