2015-09-01 12:45
Juridicon, notes that 2 of 10 employees in United States are incorrectly classified as independent contractors. In such case, employer would not have to pay compensations, social insurance taxes, income tax and on the whole he suffers 20 percent lower costs. Statistics are showing that in US where Uber business are widely developed, the government budget lost around USD 3,2 milliard of income tax. Business which avoids labor relations usually suffers much more lower costs both in Lithuania and in foreign countries.
2015-08-19 12:15
Managing partner of Law Firm Juridicon attorney at law Laimonas Marcinkevičius says that since the time of establishement Juridicon are providing legal services, tax consultations and companies' management services in different jurisdictions. Consequently, in accordance with taxation requirements of foreign jurisdiction, client needs estimation of risks for provision of his services and legal requirements where would be covered such questions as permanent residence, the necessity to register a permanent residence, the selection of the legal form and so on. If registration of permanent residence is compulsory and client decides to register it, he needs professional support during registration and providing corresponding declarations.
2015-07-24 17:00
27 May 2015, the European Union and Switzerland signed a bilateral agreement on the automatic exchange of financial information that commits both parties to collect information on banking accounts starting in 2017 and to exchange this data from 2018. The new agreement is fully in line with the strengthened transparency requirements that EU Member States agreed last year. It is also consistent with the OECD’s Common Reporting Standard (CRS) for the automatic exchange of information.
2015-07-21 17:15
Law Firm Juridicon was included in The Green book 2015 of International Tax Planning Association (ITPA). ITPA examine its subject mostly from the point of view of the taxpayer; membership is limited to practitioners who act for or in the interests of taxpayers. The purpose of ITPA is to disseminate and exchange information about international tax planning. The members of ITPA do in three ways – through meetings, through their publications and via the internet. ITPA Green book or Directory of Services is published once in a year. It is available to search for consultants of legal services in this website by selecting the services and certain jurisdiction that you are interested in. Online version of Directory of Services are updating monthly.
2015-07-15 09:30
European Commission announced Action Plan on A Fair and Efficient Corporate Tax System in the European Union on 17th of June. The purpose of Action Plan is to reform corporate taxation system in EU, solve problems of tax abuse, ensure support of the long-term income and improve the business environment in the Single market. The list of 30 non-cooperative offshore jurisdictions (“black list”) was also published. It should be noted that in the ‘black list’ of EU mentioned offshore jurisdictions, such as, Liechtenstein, Guernsey, Mauritius and Seychelles in 2017 and in Andorra and Hong Kong in 2018 will start performance of Standards on Automatic Exchange of Information in tax matters.
2015-07-01 16:00
Advokatas Laimonas Marcinkevičius teigia, kad bankai negalėtų iš viso atsisakyti grąžinti pinigų dėl karinio konflikto. „Įsivaizduokime, kad fizinis ar juridinis asmuo, gavęs kreditą iš banko, kilus konfliktui, nusprendžia ne tik nemokėti eilinių įmokų, bet ir negrąžinti viso kredito, už kurį, tarkime, buvo nupirktas nekilnojamasis turtas. Ar tai teisėta? Žinoma, ne“,- teigia p. Marcinkevičius. Anot jo, konfliktas galėtų būti pripažintas nenugalimos jėgos aplinkybe tik laikinai. Vėliau vis tiek abiem pusėms reikėtų vykdyti įsipareigojimus.
2015-06-25 12:00
Many countries all over the world will start apply Standard on Automatic Exchange of Information in Tax Matters since 2017. OECD at the moment has 34 member states and initiates this automatic information exchange. Lithuania does not belong to this organization, but negotiations on Lithuania’s membership are underway. So far, it is unlikely that Lithuania will become a member in very near future. It should be noted that residents of Norway, Sweden should start take care of tax planning as bilateral Tax Information Exchange Agreements are already written between Norway, Sweden and most popular offshore jurisdictions such as, The Bahamas, Belize, Cayman Islands, Cyprus and others. It should be noted too, that at the moment of automatic exchange of information will be transferred data about financial account, including balances, interest, dividends, and sales proceeds from financial assets, reported to governments by financial institutions and covering accounts held by individuals and entities, including trusts and foundations. It sets out the financial account information to be exchanged, the financial institutions that need to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions. Full article about automatic exchange of information in Lithuanian language you can find here.
2015-05-30 11:45

In Lithuania joint venture (partnership) is regulated by Civil Code Articles 6.969-6.982. Civil Code provides regulation of joint venture (partnership) based on contract of joint venture, however, there is no any special rule of law which governs another popular form of joint venture in international business practise – structural joint venture when two (or more) partners establish one legal entity.

2015-05-20 11:45
Juridicon kontoros teisininkai parengė straipsnį apie asmens duomenų apsaugą Lietuvoje, kuris buvo publikuotas 2015 metų leidinyje ICLG Data Protection 2015. Šis teisinis vadovas yra skirtas verslo atstovams ir praktikuojantiems teisininkams, kurie domisi asmens duomenų apsaugos reguliavimu. Klausimai ir atsakymai atskleidžia koncentruotą informaciją apie aktualiausius duomenų apsaugos klausimus, tokius kaip vaizdo stebėjimas, darbo vietos stebėjimas, tiesioginės rinkodaros vykdymas, pranešimas duomenų inspekcijai apie būsimą duomenų tvarkymą, išankstinė duomenų valdytojo patikra ir kitus svarbius aspektus. Rengiant šį 2015 metų vadovą, prie jo dirbo didelė grupė teisės ekspertų, todėl jame pateikiamos asmens duomenų apsaugos reguliavimo apžvalgos apima net 32 pasaulio šalis. Tikimės, kad informacija, pateikta publikacijoje, Jums padės priimti pačius naudingiausius sprendimus. Su advokatų kontoros Juridicon rengtu straipsniu ir publikacijomis apie kitas šalis anglų kalba galite susipažinti čia. Nuoroda į publikaciją pateikiama, gavus leidėjo sutikimą.
2015-05-03 15:15
The European Parliament and member states of the EU agreed the terms of fourth directive against money laundering. The directive demand the members of EU to establish central registers, where the data about the real beneficial owners of companies and foundations would be gathered. In the article the criteria of natural person as beneficial owner is discussed. Moreover, states are given proposals associated with the collection of data in public registers about beneficial owners. Hopefully, the establishment of these beneficial owners registers will join the fight against money laundering and extensive tax evasion.