On 27 June 2013, the parliament adopted amendments to the Law on Corporate Income Tax (the Law). The amendments will apply from 1 January 2014. The following major amendments were made to the Law.
Capital gains
The conditions for the application of corporate income tax exemption to capital gains from the transfer of shares of a company incorporated in Lithuania or other EEA member state or another country that has signed a double tax treaty with Lithuania have been amended for…