The COVID-19 pandemic has made teleworking an unavoidable necessity and a permanent part of the labor market. This has also led to a number of challenges related to the management of remote work.
Grant Thornton Baltic tax experts break down the latest updates on the main tax changes in Lithuania as of September 2024
Ensure effective corporate governance with adherence to board term limits. Learn why compliance is crucial for trust, accountability, and legal integrity.
Uncover key tax changes in Lithuania for 2024. Our tax professionals break down the latest updates.
The Digital Markets Act (DMA), which entered into force on May 2nd, will significantly contribute to the legal protection of Lithuanian companies that use online marketplaces, search platforms, social networks, cloud computing and online advertising services. The new rules will also improve the situation of consumers.
“Lithuania's e-Residence program is a digital solution that makes it easy for non-Lithuanians to start and run a business from anywhere in the world. With an e-Residence card, you can access a variety of online services and sign legal documents electronically, which greatly simplifies the process of starting a business in Lithuania.“
World Economic Forum (WEF) recently issued the Global Risks Report 2023. It identifies several high impact / high probability risks related to economic downturn, warfare, societal polarization and digital privacy.
Grant Thornton Baltic tax specialists prepared an overview of the tax changes that have taken place in Lithuania from 2023
All legal entities established in Lithuania must receive, update and store accurate information about their Ultimate Beneficial owners (UBO). This information must be provided to the Legal entities register (UBO subsystem JANGIS) no later than 10 days from the data change.
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.
Be informed, that changed procedures of daily allowance and other business travel expense compensation will come into force from the 1st of July, 2018 (in accordance with Government decree No. 523 as of 28/06/2017).
The new General Data Protection Regulation will enter into force in May 2018.
