We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
|
|
On 25 June 2015, the Lithuanian parliament adopted several amendments to the country's Law on Tax Administration. The amendments are focused primarily on individual financial reporting requirements, but also include a number of new requirements for legal entities. Under the new rules, legal entities must annually report: Any money received from individual members if the amount is equal to or exceeds EUR 15,000; Any liabilities to or of individuals if related to business activities and the amount is equal to or exceeds EUR 15,000; Any employed non-resident individuals; and Any services received from a non-resident legal entity in Lithuania if...