State Tax Inspectorate

Last year Lithuanian corporate profits almost hit the record levels of 2007 with pre-tax profits reaching €4.2 billion or 40% more than in 2014.

The Vilnius Tax Inspectorate has filed an appeal against a court ruling in the Labour Party's case, asking the Supreme Court to order the guilty persons to pay more than €174,000 euros in unpaid taxes.

The State Tax Inspectorate (VMI) has announced that, among the official information it has received from the HSBC Bank's division in Switzerland about Lithuanian nationals' bank accounts, the VMI did not find the names of the Prime Minister, nor of any members of the Seimas or of other government me...

It has been reported that the State Tax Inspectorate (VMI) has received information about 150 Swiss bank accounts held by Lithuanians in the Swiss branch of one of the world's largest banks, HSBC.

On Thursday 18 February, the European Business Network (EBN) invited Lithuanian lawyer Ernesta Seiliūtė to speak about intellectual property and data protection in Lithuania. Seiliūtė is a lawyer with IPnovus Law, an international law firm specialising in intellectual property. Pirated software and ...

Almost every third Lithuanian claims to know someone who has recently received illegal income. However, two thirds of Lithuanians believe that the State Tax Inspectorate (VMI) should not have access to people's bank account balances in order to fight tax evasion, a survey by Spinter Tyrimai shows.

The number of Lithuanians being able to buy property purely in cash has been steadily multiplying in the last few years – in fact it is hard to imagine how many Lithuanians have been buying a home or apartment using cash - but such luxurious purchases may now have serious consequences.

The government has given the go-ahead for Lithuanian tax authorities to start scrutinising Lithuanians' bank accounts for tax evasion and unaccountable sources of income as the State Tax Inspectorate also announced all citizens had until the end of June this year to declare all gifts and undeclared ...

International companies like Google are making deeper inroads into the economies of the Baltic states, but they still choose to pay taxes in European Union countries with more favourable tax conditions.

Orlen Lietuva profits jumped to €217 million last year after a loss of €109 million in 2014 yet the company paid significantly less in taxes Lithuania last year than it did in 2014.

Even though Lithuania is not introducing any new levies this year, the country's tax authorities are planning to increase revenues by going after businesses and individuals who use inventive tax planning strategies or use company accounts to buy goods for personal use.

About one tenth of all Lithuanian bank accounts will be scrutinised by the State Tax Inspectorate under a new law that requires banks to share information about depositors with tax authorities.

Up until now, the only information about foreign real estate held by Lithuanians that state institutions could access was whatever the owners themselves declared, or by initiating an individual inquiry with authorities in another country.

Lithuanian and Latvian law enforcement officers are investigating an organized crime group suspected of illegal trade in oil products.

Lithuania’s Prosecutor General’s Office and the Financial Crime Investigation Service (FNTT) are conducting a probe into alleged illegal activities by Vilniaus Prekyba, one of Lithuania’s biggest business groups, and its shareholders, including Lithuania’s richest businessman, Nerijus Numavičius. Nu...

The Lithuanian parliament's Anti-corruption Commission has turned to the minister of finance, asking for clarification about public procurement contracts of the State Tax Inspectorate (VMI).

Real estate tax collection and revenues will be handed over to municipalities to encourage them to implement the taxes more stringently under new proposals from Finance Minister Rimantas Šadžius.

The Ministry of Finance has proposed an overhaul of Lithuania's State Tax Inspectorate (VMI), cutting the number of regional divisions in half.

The move of billionaire Nerijus Numavičius, Lithuania's wealthiest person, to the UK has raised questions about how the tax agreements between the two countries, designed to avoid double taxation, will apply in Numavičius' case.

This year's World Economic Forum in Davos will focus on the next wave of innovation, but are Lithuanian politicians ready to embrace new opportunities and give up unnecessary regulations, asks economist Rūta Vainienė.