State Tax Inspectorate (VMI)
CORPORATE

Tax authorities start trawl of citizens bank accounts for tax evasion

The government has given the go-ahead for Lithuanian tax authorities to start scrutinising Lithuanians’ bank accounts for tax evasion and unaccountable sources of income as the State Tax Inspectorate also announced all citizens had until the end of June this year to declare all gifts and undeclared loans since 2004 used to make purchases of over €15,000 or face a retrospective tax of 15% on the gifts. […]

Klaipėda Port
CORPORATE

Klaipėda increases record traffic as surrounding Baltic ports decline

Klaipėda seaport reached an all-time record level shipping traffic last year of more than 38 million tons and this year is still holding its leadership position as traffic declines at other Baltic sea ports. […]

No Picture
CORPORATE

Indonesia announces visa-free travel for Lithuanians

Lithuanian citizens will no longer need visas to travel to Indonesia after the Lithuanian Foreign Affairs Ministry were verbally informed by the Indonesian diplomats that visas would no longer be needed by Lithuanian citizens. Formal written confirmation is still pending. […]

Economy

January tax revenues exceeded projections by 2%

This January, the national budget and municipal authorities collected 2% (€12.1 million) more tax revenue than planned and 7.1% (€41 million) more than in the same period last year, according to the preliminary data of the Ministry of Finance. […]

Economy

Vilnius in top 3 ‘cities of future’ – Financial Times rankings

The Financial Times Group’s unit fDi Intelligence has published its European Cities and Regions of the Future rankings, ranking Vilnius in third spot in the category of medium-sized cities. […]