STI action “Nuostolinga įmonė” (Unprofitable Enterprise)
This year the STI will follow and control over 200 most risky companies with unprofitable performance within the last four years. In the informative communication the STI underlines that it will be especially active in evaluating the companies the operating losses whereof have increased with the improvement of the economic situation. Last year, 35,700 tax payers declared of having suffered losses in their activities for LTL 5.7 billion. The STI will seek to identify:
whether all the income was declared (e.g., big loans were granted to the persons involved without interest or with the especially low interest)
whether operating expenses have been increased impermissibly (e.g., shareholders’ travels, marketing services expenses, bad debts)
STI action “Skaidri gamyba” (Transparent Production)
It is sought by this project to clarify the companies in the manufacturing production sector which probably conceal the added value and profit taxes, not accounting part of the income received or reducing the sales value by other methods. At present the STI is inspecting the companies involved in the production of food products, chemicals and chemical products, rubber and plastic products – within this and the forthcoming year inspections of 300 most risky production enterprises in total will be performed.
Other Actions
“Atsakinga statyba" (Responsible Construction). Aim is to ensure the accounting of the income of all the participants of the process from the developers to the builders, the reasonableness of permissible deductions and fair declaration of taxes and their timely payment.
“Ratai" (Wheels). Aim is accounting of car sellers and providers of their repair services, evaluation of the property and income of the company management.
“Šou be šešėlių" (Show without Shadows). Aim is to ensure fair accounting of income and losses and tax calculation and payment of the selected entertainment events to be held in 2014.
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