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Quarter II 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.

The new Labour Code comes into force on 1 July 2017

Please be informed that as from 1 July 2017 the new Labour Code of the Republic of Lithuania comes into force (hereinafter – NLC). The main objective of the new legal regulation is to liberalize the legal regulation of the employment relationship, as well as establish more flexible working relationship between an employer and an employee. In order to achieve the objective referred a large part of the rules are not laid down in the NLC, therefore, the companies are required to establish various orders in their internal documents.

In this Newsletter, you will find the answers to the most frequently asked questions, also the most important changes, related to the new regulation of the employment legal relationship.

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Other news

How to protect business from becoming involved in tax fraud?

The State Tax Inspectorate (hereinafter - STI) 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.

Court decision regarding transfer of confidential information to third parties

County Court of Šiauliai (hereinafter – the Court) has defined in its decision (Civil Case No. e2A-230-883/2017) the conditions under which the civil liability for breach of obligation not to disclose confidential information (as a breach of the Employment contract) is enforceable. In case the Employee breaches a clause of confidentiality the Employer has a right to claim for the compensation of damages it has suffered.

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We invite You to read other news in Leinonen website

Simplified way to submit consignment notes to i.VAZ subsystem

Rate of unemployment insurance contribution will be increased

Employers’ obligation to inform about posted workers

Responsibility of the Director for improper accountancy of the Company

Intra-Community exemption does not require VAT number 

Tax arrears could be taken over, repaid or transferred to others

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:

ZITA MERKELIENĖ

Managing director

tel. +370 699 32529

e-mail: zita.merkeliene@leinonen.lt

LINA LAPYTĖ

Senior Tax Advisor 

tel. +370 618 79158

e-mail: lina.lapyte@leinonen.lt

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.

Read more: www.leinonen.eu

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Leinonen Lithuania

Vilnius | Kaunas

+ 370 5237 5040

leinonen@leinonen.lt

www.leinonen.lt

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Leinonen Lithuania