Legal news

  • news

    Are VAT restrictions in Lithuania legal?

    Lithuania: The Supreme Administrative Court of Lithuania (Supreme Court) has considered a case between the Tax Authority and a Swiss company (Company) in which it analyzed the Company's right to recover input value added tax (VAT) from representative expenses (e.g. seminars and marketing events). The Tax Authority rejected the Company's

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    Costs incurred due to asset replacement with analogical asset do not count as investment project

    Lithuania: The Supreme Administrative Court of Lithuania (Supreme Court) has considered a case between the Tax Authority and a Lithuanian company (Company) in which it analyzed whether a Company could reduce taxable gain by costs incurred in an investment project*. The Tax Authority in clarifying the

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    Judicial reform in Belarus

    Belarus: From 1 January 2014 ordinary and commercial courts will be merged into a single system of courts of general jurisdiction. From 1 January 2014 ordinary and commercial courts will be merged into a single system of courts of general jurisdiction. On 29 November 2013 the President

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    Legislative changes in 2014

    Major legislative changes for businesses in 2014. Major legislative changes for businesses in 2014. Businesses Significant changes in the law from January 2014 stem from changes to income tax and VAT. A novelty is the so-called tax licence that requires legal persons to pay a minimum tax. Legal persons will

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    Legislative changes in 2014 (2)

    Major legislative changes for businesses in 2014. Major legislative changes for businesses in 2014. Businesses Significant changes in the law from January 2014 stem from changes to income tax and VAT. A novelty is the so-called tax licence that requires legal persons to pay a minimum tax. Legal persons will

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