The Lithuanian parliament is considering draft legislation to amend the Corporate Tax Law for the implementation of certain measures of the EU Anti-Tax Avoidance Directive (ATAD). This includes the amendment of Lithuania's existing CFC rules to bring them in line with ATAD, including:
- An expansion of the definition of CFCs to include both controlled foreign companies and foreign permanent establishments of Lithuanian taxpayers;
- Amendments to provide that a foreign entity will be deemed cont…