Global

Details

  • Service: Tax, Global Indirect Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 5/30/2014

Lithuania - Non-taxable capital gains, VAT on services 

May 30:  The “commentaries” regarding when capital gains from the transfer shares are treated as non-taxable income have been amended, to reflect that the holding period of share ownership is not taken into consideration when the shares are transferred due to certain required legal acts.

Read a May 2014 report [PDF 263 KB] prepared by the KPMG member firm in Lithuania: Tax, Legal, and Accounting Newsletter (May 2014)


Other topics discussed in this report concern:


  • Value added tax (VAT) rules for place of supply of services, regarding the sale or transfer of immovable property, regarding financial services
  • Individual (personal) income tax treatment of interest-free or reduced-rate loans as fringe benefits



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