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Liechtenstein Removed from Lithuania's Black List

|Approved Changes|Lithuania
Lithuania

According to a release from the Liechtenstein government, Liechtenstein has been removed from Lithuania's list of target territories (black list) effective from 1 January 2019. The list is important in relation to Lithuania's controlled foreign company (CFC) rules, transfer pricing documentation rules, and certain other areas of taxation. This includes that passive income of a CFC will always …

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