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Quarter I 2017 | Leinonen Lithuania

Dear reader,

Leinonen Lithuania regularly informs about important practical issues in the fields of accounting, taxation and legislation and helps to follow the main changes in this area. If You would like to receive more detailed information how these changes or other laws affect or could affect Your business, we would like to meet You and discuss financial aspects of Your business.

We are ready to share our knowledge and experience with business people, financial specialists and other persons who could be interested in it.

How to protect business from becoming involved in tax fraud?

The State Tax Inspectorate published recommendations, which provide some guidelines regarding how to protect business activities from being involved in transactions connected with tax fraud. The recommendations are based on the European Union Court of Justice and Supreme Administrative Court of Lithuania case law.

The the taxpayer could have tax risks related to:

  • input VAT deduction;
  • recognition of expenses as deductible for the corporate income tax purposes;
  • applying 0% VAT rate.
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Other news

Financial incentives to employers hiring people encountering difficulties on the labour market

UAB “Investment and business guarantees” develops the project “Support for employment”.

The essence of this project is that employers, who are going to hire young people from 18 to 29 years old for the first-time (who previously have not been employed under employment contract and have not had civil servant status) or employ people older than 54 years old, who have not worked for the last 6 months, are able to apply to INVEGA for partial compensation of labour costs for employees.

New EU Regulation establishing procedure for blocking debtor’s bank account

From 18 January 2017 new European Union Regulation No 655/2014 (hereinafter – the Regulation) came into force, which established a European Account Preservation Order procedure. The Regulation provided a new, fast and effective procedure for blocking debtor’s accounts in cross-border cases. European Account Preservation Order procedure allows to arrest debtor’s accounts in different Member States, by applying to the Court in the Member State of origin, i.e. if the debtor’s legal address is registered in Lithuania, then the application should be applied to the Lithuanian Court.

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We invite You to read other news in Leinonen website

Explanation regarding issuing VAT invoices for advanced payments and afterwards – for “final” VAT invoice

Updated list of long-term debtors to the State Tax Inspectorate

Explanation regarding application of 5% VAT rate

Cases when gift vouchers are the subject to VAT

Additional explanation regarding data submission to i.VAZ subsystem

Simplified procedure of VAT invoices submission to i.SAF subsystem

Every client is special to us and we try to help everyone in every way we can.

Having almost 20 years of experience in Lithuania we create and assist in managing accounting and tax policies for our clients who are business start-ups, companies with great history or even those listed on International stock exchange.

Are You interested to find out how we can help You? Please contact:


Managing director

tel. +370 699 32529



Senior Tax Advisor 

tel. +370 618 79158


Contact Us Now

Leinonen Group is a Finnish-owned private accounting and advisory company, which was established already in 1989. Leinonen Group helps companies enter and succeed in challenging business environments by offering reliable accounting, payroll management, advisory, administration, and audit services. The deep local expertise and personal service approach, combined with wide international presence, is our strength. Our 13 offices can be found in the main cities of 11 countries – Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Poland, Bulgaria, Hungary, Russia, and Ukraine.

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Leinonen Lithuania

Vilnius | Kaunas

+ 370 5237 5040

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