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2015 III quarter | 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.

Plans to reduce administrative burden to business

The Government approved amendments to legislation prepared by the Ministry of Finance that should reduce administrative burden to business. For more information please read here.

Recognition of expenses according to cash receipts

The Tax Authorities updated the official Commentary related to recognition of expenses according to cash receipts and confirmed that the following requirements that came into force on 1 June 2015 are applied only to cash receipts issued in Lithuania. For more information please read here.

Reverse-charge VAT is applied on goods bought together with installation services

On 25 August 2015 Order of the Minister of Finance of the Republic of Lithuania regarding article 96 of the VAT Law came into force. It states that reverse-charge VAT should be applied not only on provision of construction works but also on supply of goods (movable items) with condition that they are installed in a building and after become inherent part of such a building. For more information please read here.

Relevant to members of small partnership signing civil contracts with the small partnership

On 28 May 2015 amendments to Article 7 Part 4 of the Law on Small Partnerships came into force. It supplements the existing provision of prohibiting members of small partnership from having work relationship with small partnership by prohibiting them from concluding any civil contracts for provision of services to a small partnership, except an agreement for management services with a director of a small partnership. For more information please read here.

European Union Court of Justice judgements

Relevant to companies whose employees are not assigned a fixed place of work

On 10 September 2015 the European Union Court of Justice (EUCJ)  ruled in the case No. C-266/14 regarding calculation of working time when a fixed or habitual place of work is not assigned to an employee.

According to the mentioned judgement, time spent on travelling between the workers’ home and the premises of the first and last customer shall be calculated as working time. Workers are considered to be carrying out their working activity over the whole duration of their journeys.

Sales of fuel to ships

On 3 September 2015 the European Union Court of Justice (EUCJ) ruled in the case C-526/13 (Fast Bunkering Klaipėda). EUCJ was asked to explain whether a company supplying fuel to ships has the right to apply zero-rated VAT. For more information please read here.

Subscription contract of consulting services - is it a supply?

On 3 September 2015 the European Union Court of Justice ruled in the case C-463/14 (Asparuhovo Lake Investment Company OOD). It was requested to explain whether the subscription services can be considered as supply of services. For more information please read here.

Future events where Leinonen shares it’s experience

Supply of goods to other countries

On 11 November 2015 Leinonen Lithuania is organising a practical seminar on supply to foreign countries in Panevėžys. The seminar will focus on the review of practical aspects of documentation of international trade agreements, as well as dealing with the risks in applying zero-rate VAT. Algirdas Kviklys, chief tax consultant of Leinonen Lithuania, will share the experience of representing customers in tax audits and communicating with the specialists from the State Tax Inspectorate, as well as discuss the practical situations and different schemes. For more information please read here.


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:

MAŽENA BIRBALIENĖ

Head of advisory unit

tel. +370 656 51728

e-mail: mazena.birbaliene@leinonen.lt

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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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Best Regards

Leinonen Lithuania

Vilnius | Kaunas

+ 370 5237 5040

leinonen@leinonen.lt

www.leinonen.lt