The Lithuanian parliament adopted amendments to the Law on Tax Administration on 23 May 2017 (Law XIII-374), which provide for the implementation of amendments made to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports (Council Directive (EU) 2016/881). The law itself is relatively brief and was followed by an Order from the State Tax Inspectorate (STI) setting out the specifics, which are generally in line with Council Directive (EU) 2016/881. Main aspects of the STI Order are summarized as follows: The CbC reporting requirements apply for fiscal years beginning...