Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-17 of 21 February 2006 Amending the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-8 of 23 January 2004 On Approval of the Methodical Guidelines for Completion, Submission and Adjustment of the Annual Income Tax Return Form FR0462s (Official Gazette (Valstybės Žinios), No 29-1025).

      This Order amended the methodical guidelines for completion, submission and adjustment of the annual income tax return Form FR0462s approved by the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-8 of 23 January 2004. The major amendments to the methodical guidelines are related to setting off the taxes paid abroad.

      Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-22 of 1 March 2006 Amending the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-12 of 30 January 2004 On Approval of the Methodical Guidelines for Completion, Submission and Adjustment of the Annual Income Tax Return Form FR0462 (Official Gazette (Valstybės Žinios), No 29-1026).

      This Order amended the methodical guidelines for completion, submission and adjustment of the annual income tax return Form FR0462 approved by the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-12 of 30 January 2004 and presented their new wording. The new wording of the methodical guidelines is published on the website of the State Tax Inspectorate.

      Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-23 of 1 March 2006 Amending the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-11 of 27 January 2004 On Approval of the Methodical Guidelines for Completion, Submission and Adjustment of the Annual Income Tax Return Form FR0462S33 (Official Gazette (Valstybės Žinios), No 29-1027).

      This Order amended the methodical guidelines for completion, submission and adjustment of the annual income tax return Form FR0462S33 approved by the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-11 of 27 January 2004 and presented their new wording. The new wording of the methodical guidelines is published on the website of the State Tax Inspectorate.

      Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-24 of 2 March 2006 Amending the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-4 of 20 January 2004 On Approval of the Methodical Guidelines for Completion, Submission and Adjustment of the Annual Income Tax Return Form FR0462S0 and Its Annex FR0462N (Official Gazette (Valstybės Žinios), No 29-1028).

      This Order amended the methodical guidelines for completion, submission and adjustment of the annual income tax return Form FR0462S0 and its annex FR0462N approved by the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-4 of 20 January 2004.

      Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-25 of 6 March 2006 Amending the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-10 of 26 January 2004 On Approval of the Methodical Guidelines for Completion, Submission and Adjustment of the Annual Income Tax Return Form FR0462S15 (Official Gazette (Valstybės Žinios), No 29-1029).

      This Order amended the methodical guidelines and appendices for completion, submission and adjustment of the annual income tax return Form FR0462S15 and its annexes approved by the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-10 of 26 January 2004 and presented their new wording. The new wording of the methodical guidelines is published on the website of the State Tax Inspectorate.

      Order of the Minister of Finance of the Republic of Lithuania No 1K-099 of 8 March 2006 Amending the Order of the Minister of Finance No 40 of 11 February 2002 On Approval of the Procedure for the Proof of Non-performance of Loans and Calculation of the Amounts of Non-performing Loans (Official Gazette (Valstybės Žinios), No 30-1071).

      This Order amended the Order of the Minister of Finance No 40 of 11 February 2002 On Approval of the Procedure for the Proof of Non-performance of Loans and Calculation of the Amounts of Non-performing Loans (hereinafter, the Rules). The major amendments are as follows:

      1) Paragraph 20.2. of the Rules was amended with an indication that nonperformance of loans and attempts to recover them may also be substantiated by documents confirming the fact that the debtor has no assets subject to mandatory registration and that the attempts to exact sufficient assets to cover the claims of the creditors have failed in the cases with other creditors;

      2) Paragraph 30 of the Rules was amended by increasing the amount of non-performing loans from 500 litas to 5,000 litas. This amount is not subject to the requirement to possess documents provided for in paragraphs 20.1. and 20.2. of the Rules;

      3) Paragraph 33 of the Rules was supplemented by a provision that the debts, which were incurred due to transport services and do not exceed 1,700 litas are not subject to the requirement that the taxpayer should possess the documents provided for in the Rules, which would substantiate non-performance of the loans and attempts to recover them.

      The provisions of this Order shall be applicable to the calculation of the taxable profit of 2006 or another tax period starting in 2006 as well as the taxable profit of subsequent periods.

      Order of the Minister of Finance of the Republic of Lithuania No 1K-092 of 6 March 2006 On Establishment of the Penalty Rate for the 2nd quarter of 2006 (Official Gazette (Valstybės Žinios), No 30-1069).

      This Order established the penalty rate of 0.03 percent for unpaid or delayed tax for each day of delay, which is applicable from 1 April 2006 to the 2nd quarter of 2006.

      Order of the Minister of Finance of the Republic of Lithuania No 1K-093 of 6 March 2006 On Establishment of the Interest Rate on a Tax Loan for the 2nd quarter of 2006 (Official Gazette Valstybės Žinios), No 30-1070). This Order established the interest rate of 0.01 percent for each day of tax loan use, which is applicable from 1 April 2006 to the 2nd quarter of 2006.

      Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-20 of 28 February 2006 On Approval of the Form FR1002 for a Decision on Exemption from Fines and/or Penalties and the Form FR1007 for the Decision to Annul a Decision on Exemption from Fines and/or Penalties and on amendment to the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-144 of 26 July 2004 On Approval of the Rules for Exemption from Fines and Penalties (Official gazette (Valstybės Žinios), No 28-973).

      This Order:

      1. Approved the Form FR1002 for a Decision on Exemption from Fines and/or Penalties

      2. Annulled the Form FR1007 for a on Exemption from Fines and/or Penalties

      3. Amended and presented a new wording of the Rules for Exemption from Fines and Penalties approved by the Order of the Head of the State Tax Inspectorate under the Ministry of inance No VA-144 of 26 July 2004.

      Government Resolution No 298 of 27 March 2006 On Increase in Minimum Pay (Official Gazette (Valstybės Žinios), No 35-1251).

      This Order approved the following from 1 July 2006:

      • Minimum hourly pay of 3.65 litas and minimum monthly pay of 600 litas applicable to persons employed in companies, institutions and organisations irrespective of the form of ownership as well as other persons subject to the minimum monthly pay in accordance with the legislations, except for the persons specified below;

      • Minimum hourly pay of 2.62 litas and minimum monthly pay of 430 litas applicable to state politicians, judges, public officials, soldiers and public servants.

      Order of the Minister of Finance of the Republic of Lithuania No 1K-091 of 6 March 2006 Amending the Order of the Minister of Finance No 289 of 23 September 2002 On Submission of Annual Reports by Sponsorship Providers and Beneficiaries (Official Gazette (Valstybės Žinios), No 30-1068). This Order amended the Order No 289 of 23 September 2002 On Submission of Annual Reports by Sponsorship Providers and Beneficiaries. The Order was amended by provisions with respect to support exceeding 50,000 litas.

      Order of the Head of the State Tax Inspectorate under the Ministry of Finance No VA-21 of 28 February 2006 Amending the Order of the Head of the State Tax Inspectorate under the Ministry of Finance No VA-189 of 15 December 2004 On Notification of a Legal Person on the Amendment (Change) in Its Data in the Taxpayer Register (Official Gazette (Valstybės Žinios), No 28-974).

      This Order:

      Amended and presented a new wording of the rules for completion of the form FR0791 for a legal person‘s notification on amendment to its data in the Taxpayer Register approved by the Order of the Head of the State Tax Inspectorate under the Ministry of Finance No VA-189 of 15 December 2004;

      2. Approved the Form REG803 for notification on discrepancies in the data of a taxpayer‘s registration with the Taxpayer Register identified through the activities of a tax administration official;

      3. Approved the Form REG804 for notification on changed or new data in the Taxpayer Register identified through the activities of a tax administration official.

      4. Approved the Form REG805 for a motivated explanation of discrepancies in the data of a taxpayer‘s registration with the Taxpayer Register identified through the activities of a tax administration official.

      Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No VA-27 of 9 March 2006 Amending the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No V-119 of 24 April 2003 On Approval of the Rules for the Preparation and Submission of an Individual Explanation (Official Gazette (Valstybės Žinios), No 29-1031).

      This Order amended the Rules for the Preparation and Submission of an Individual Explanation approved by the Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No V-119 of 24 April 2003 On Approval of the Rules for the Preparation and Submission of an Individual Explanation (hereinafter, the Rules).

      Paragraph 5 “Main principles for submission of individual explanations to enquirers” was supplemented with a subparagraph 5.9:

      „5.9. the information held by the STI on the income generated from third parties and expenses incurred by the enquirer during the past reporting period shall be given upon identification of the enquirer only:

      5.9.1. when an enquirer contacts a department on the telephone line of STI dedicated for consulting, the enquirer is identified by asking mandatory and additional questions formed based on the data accumulated by the registers administered and used by STI;

      5.9.2. upon arrival at an RSTI, an enquirer shall be identified by his/her identification document.“