In April 2008, the Parliament passed several tax bills (No. X-1481 of 8 April 2008, No. X-1484 and No. X-1485 of 10 April 2008) amending the Law on Corporate Income Tax No. IX-675 and the Law on Individual Income Tax No. IX-1007. While some of the amendments are of a technical character resolving legal ambiguities, the major amendments extend the existing tax concessions and grant new concessions. The major amendments are summarized below. Corporate income tax (a) Taxation of dividends. A 15% withholding tax on dividends between Lithuanian companies shall be credited against the corporate income tax (CIT) liability of...