Insights of experts

Tax laws changes affecting payroll as of January 1, 2022. The minimum monthly salary is raised, changes in the formula for calculating the amount of tax-free income, changes in pension accumulation.

The law transposes the EU directive into Lithuania, Latvia and Estonia law and entails an obligation for organizations to create internal and external reporting channels for reporting internal misconduct. The infringements that whistleblowers can report are very different – breaches of procurement procedures, internal fraud, breaches of environmental requirements, and so on.

Key changes in tax legislation in Lithuania, Latvia and Estonia in 2021

Cookies can't read data off your hard drive or cookie files created by other sites; they are one of the technologies tracking people’s behaviour on the web.

On 16 July 2020, the European Union Court of Justice (CJEU) passed judgment C-311/18 (Schrems II), invalidating the US-EU certificate programme Privacy Shield, which ensures data transmission security.

In January WhatsApp announced that it is changing its data policies so that the users only options are either to agree to their data policy and make data about them available to Facebook, the owner of WhatsApp, and any of its chosen third parties or not use the service.

In addition to the pandemic the 2020 is memorable as the year or record growth in cybercrime. According to the FBI the USA companies have reported a 400% growth in cyber-attacks and 68% more companies reported of fraud.

Tax laws changes affecting payroll as of January 1st 2021

A time of crisis is a time for quick decisions. Our experts are fully aware of the most urgent needs of Lithuanian businesses at the time of the coronavirus outbreak. Here is how we can help.

Due to the COVID-19 emergency in Lithuania, business will inevitably face operational challenges. We prepared a brief summary of information and tips for business in COVID-19 environment.

With the increasing news and concern regarding the COVID-19 coronavirus, Grant Thornton Baltic UAB wants to ensure our clients we are monitoring the developing situation and have resources in place to provide you continued professional services in any type of contingency situation and joining the global efforts to help contain the spread of this disease. The Government of the Republic of Lithuania has decided to extend the quarantine period until May 31 therefore we will continue to work remotely but fully effective and productive until 2020 05 31.

Key tax changes in Lithuania, Latvia and Estonia 2020

Temporary “Tax Amnesty” until 1 July 2019

Due to the emergency COVID-19 crisis situation, business will inevitably face operational challenges in Lithuania. Read about COVID-19 news and business impact. up-to-date knowledge of tax and legal changes. Tips and advice.

We provide legal advice to Lithuanian and foreign clients on commercial law and investment issues. Our main areas of practice include legal due diligence, business acquisitions, corporate reorganizations, mergers and acquisitions, and contract law. We also advise and prepare documents on employment law and immigration issues, and represent clients in negotiations, drafting contracts and resolving disputes in court.

The success of the company and its organizational structure is driven by smart decisions and efficient management. The quality of the business solutions (including strategy development) and their implementation have a direct influence on the performance, the development and maintenance of standards and management standards.