OrbitaxOrbitax

Amendments to Law on Corporate Income Tax

|Approved Changes|Lithuania
Lithuania

On 27 June 2013, the parliament adopted amendments to the Law on Corporate Income Tax (the Law). The amendments will apply from 1 January 2014. The following major amendments were made to the Law.

Capital gains

The conditions for the application of corporate income tax exemption to capital gains from the transfer of shares of a company incorporated in Lithuania or other EEA memb…

Continue Reading