Vilnius authorities are intent on cracking down on unaccounted property rents. Under a new proposal, brokers will have to register and share information about their contracts with landlords.
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The State Tax Inspectorate‘s (VMI) anonymous hotline, which has been operating for the past 10 years, has added €32 million to the state’s budget, and the number of calls it receives is growing every year, […]
The European Commission issued a range of recommendations on how to improve Lithuania‘s economy including improving tax compliance particularly VAT, adjusting the education system to the needs of the labour market and increasing productivity. The […]
It has been reported that the State Tax Inspectorate (VMI) has received information about 150 Swiss bank accounts held by Lithuanians in the Swiss branch of one of the world’s largest banks, HSBC. […]
If Lithuania made its tax system more transparent, like Estonia‘s, it could collect about €2.5 billion more to its coffers each year, says economist Raimondas Kuodis, deputy chairman of the Bank of Lithuania. […]
The number of Lithuanians being able to buy property purely in cash has been steadily multiplying in the last few years – in fact it is hard to imagine how many Lithuanians have been buying a home or apartment using cash – but such luxurious purchases may now have serious consequences. […]
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. […]
International companies like Google are making deeper inroads into the economies of the Baltic states, but they still choose to pay taxes in European Union countries with more favourable tax conditions. […]
About one tenth of all Lithuanian bank accounts will be scrutinised by the State Tax Inspectorate under a new law that requires banks to share information about depositors with tax authorities. […]
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