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Lithuania Adopts CbC Reporting Requirements

|Approved Changes|Lithuania
Lithuania

The Lithuanian parliament adopted amendments to the Law on Tax Administration on 23 May 2017 (Law XIII-374), which provide for the implementation of amendments made to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports (Council Directive (EU) 2016/881). The law itself is relatively brief and was followed by an Order from the State Tax Inspectorate (STI) setting out the specifics, which are generally …

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