Print page Send link

Extended term for reporting on income from individual activity

10 Apr 2020

In light  of the outspread of COVID-19 pandemia, the tax authority introduced certain changes on tax obligations of permanent residents of Lithuania who receive and pay income tax on Class B income (basically, this is income not related to employment) in Lithuania. The deadline of filing the annual tax declaration and paying the income tax was earlier set by 1 May of every succeeding year after the relevant tax year when the income was received. 

Due to COVID-19, the deadline of submitting the tax declaration and paying the income tax in Lithuania was deferred by two months - all permanent residents of the Republic of Lithuania were entitled to declare and pay personal income tax on Class B income by July 1, 2020. The same applies to non-permanent residents of the Republic of Lithuania that carry out individual activity through a permanent establishment in Lithuania. 

As earlier, non-permanent residents of the Republic of Lithuania are under obligation to submit a declaration on Class B income and pay the income tax within 25 days after receipt of such income.  

Please do get in touch if you need support or want to have a conversation about how COVID-19 might impact your business or your personally. Please send all your enquiries to info@sulijapartners.com.

Back to the news list

Highlights

Disputes with banks

20 Sep 2021

Representing a Bulgarian company and a Portuguese company in similar criminal proceedings on alleged money laundering

Aviation

10 Sep 2021

Advising an affiliated entity of a major Latvian bank on the purchase of one Embraer EMB-135BJ (Legacy 650) aircraft

Aviation

15 Aug 2021

Assisting a Cypriot company on the sale of one (1) Boeing 737-400

Aviation - restructuring and bankruptpcy

1 Aug 2021

Advising on the lease of four Airbus A320 aircraft to a local airline undergoing restructuring

More news...

Šulija Partners Law Firm Vilnius, registered office Jogailos street 11, Vilnius, LT-01116, Lithuania, fax +370 52051926, e-mail: info@SulijaPartners.com

Contact details | Sitemap | Know your customer | Privacy policy | Feedback | Links | Terms and Conditions | Attorney advertising | Copyright Back to the top