150 Lithuanians reported to have secret Swiss bank accounts

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. […]

State Tax Inspectorate (VMI)

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. […]


Lithuanian revenue service sets sights on aggressive tax evaders

Even though Lithuania is not introducing any new levies this year, the country’s tax authorities are planning to increase revenues by going after businesses and individuals who use inventive tax planning strategies or use company accounts to buy goods for personal use. […]