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Lithuanian Parliament Considering CFC Rules Amendments and Interest Deduction Restrictions in Line with Anti-Tax Avoidance Directive

|Proposed Changes|Lithuania
Lithuania

The Lithuanian parliament is considering draft legislation to amend the Corporate Tax Law for the implementation of certain measures of the EU Anti-Tax Avoidance Directive (ATAD). This includes the amendment of Lithuania's existing CFC rules to bring them in line with ATAD, including:

  • An expansion of the definition of CFCs to include both controlled foreign companies and foreign permanent est…

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