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 be taxable in Lithuania if the CFC is resident in a listed territory and that transactions with residents of a listed territory are always subject to transfer pricing documentation requirements, regardless of the amount. Further, the exemption for dividends is restricted and...