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Expert local insight into the regulation of taxation on inbound investments in Lithuania, covering areas such as: Acquisitions - execution of acquisition, tax treatment of acquisitions, interest relief...
1 Tax Treaties and Residence
1.1 How many income tax treaties are currently in force in Lithuania?
Lithuania currently has 53 treaties on the avoidance of double taxation of income and capital in force. At the moment, two more treaties with Kuwait and Morocco are pending. However, it is expected that they will come into force in the near future and will increase the number of treaties in force to 55.
1.2 Do they generally follow the OECD Model Convention or another model?
The Individual Tax and Private Client Committee of International Bar Association has prepared a guide to international estate planning with chapters from approximately twenty countries. The International Estate Planning Guide provides general information on the major considerations for the international private client. The material is intended as a high-level practical guide for practitioners and professionals looking for an introduction to the laws of each relevant jurisdiction relating to cross-border trust, foundation, and estate planning.
