The Lithuanian parliament adopted legislation on 22 March 2016 to implement amendments made to the EU Parent-Subsidiary Directive into Lithuania's Law on Corporate Income Tax. The amendments include that the participation exemption provided for in the Directive will not be granted if: A profit distribution made by a subsidiary to its parent company is deductible in the Member State of the subsidiary (hybrid mismatch rule); or An arrangement or a series of arrangements are put in place with the main purpose or one of the main purposes to receive a tax benefit and not for valid commercial reasons that reflect...