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Lithuania Tax Changes for 2020 Include ATAD Exit Tax and Hybrid Mismatch Measures

12 February 2020

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Approved Changes

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Lithuania

Lithuania has implemented a number of tax changes for 2020. The main changes include: The implementation of the exit tax measures of the EU Anti-Tax Avoidance Directive (ATAD1), which provide for the taxation of gains on the transfer of assets outside Lithuania, which may be paid in installments where assets are transferred to an EU/EEA Member State that has an agreement providing for mutual assistance with Lithuania; The implementation of the hybrid mismatch measures of the EU Anti-Tax Avoidance Directive as amended (ATAD2) for double deduction and deduction without inclusion outcomes, which are generally addressed by either denying a deduction...