12 articles
Aleksandras Sukovas, the head of Tez Tour, one of the largest tour operators in Lithuania, as well as VIP Viesosios Informacijos Partneriai, Aza Tours and several other companies are suspected of document forgery and tax evasion, the Verslo Zinios business daily writes.
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. To read this article, try a €5.99 monthly subscription by clicking here.
The Finance Minister says Lithuanians will not have to declare their foreign and electronic bank accounts to tax authorities this spring, following an outcry from online account holders about vague and incomplete instructions.
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 ...
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.
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.
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.
