Lithuania's Ministry of Finance has announced the government's approval of the draft law on the elimination of double taxation with respect to income related to Taiwan through Resolution No. 1073 of 11 December 2024. The treaty, signed in August 2024, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Lithuanian corporate tax and personal income tax. It covers Taiwan profit-seeking enterprise income tax, consolidated personal income tax, and income basic tax. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities of the Contracting States will...