Order No V-13 of the Head of the State Tax Inspectorate passed on 10 January 2003 approved the set of forms of returns related to dividend taxation (FR0394; FR0395) and the rules for filling them in. (State News 6-261)
The return form FR0394 for tax withheld from dividends paid and the return form FR0395 for tax withheld from dividends received from a foreign entity was approved. The entities that have paid taxable dividends to other Lithuanian or/and foreign entities shall submit the form FR0394 not later than by the 10th day of the month, following the month the taxable dividends were paid. The entities that received taxable dividends from foreign entities submit the form FR0394 not later than by the 10th day of the month, following the month the taxable dividends were paid.
Government Resolution No 115 on the standard employment agreement was passed on 28 January 2003. (State News 11-412)
The standard form of the employment agreement was approved.
Government Resolution No 116 on the compensated expense amounts and the order of payments was passed on 28 January 2003 (State News 11-413)
The approved order and compensated expense amounts are applied to employees, with whom an employment agreement, in which business trip work or work related with trips is indicated, and due to this additional costs are incurred. The defined compensated expense amount is stated in a collective agreement and is paid from funds dedicated to pay salaries and wages. The costs are compensated only if business trip allowances are not paid. Social Insurance payments are not calculated on these expense compensations.
Government Resolution No 117 on the quota for employment of foreigners in Lithuania for 2003 passed on 28 January 2003. (State News 11-414)
The foreigners employment quota of 800 persons was in Lithuania 2003.
Government Resolution No 18 passed on 13 January 2003 presented adjustments to the annual accountability and annual financial statements by the limited liability legal entities established by the Government Resolution No 804 of 27 October 1993. (State News 5-188)
Limited liability legal entities matching two of the three criteria below shall submit full annual financial reports:
· Total assets in the balance sheet amount to 5 mln. Lt;
· Net sales revenues during the reporting year amount to 10 mln. Lt;
· Salaries paid to hired employees during the year equals to 6000 minimum wages.
Government Resolution No 24 passed on 13 January 2003 confirmed the procedure of calculating the taxable value of inherited assets.
Upon a residents request, the local tax inspectorate shall calculate the taxable value and presents the State Tax Inspectorate with a confirmed note within 10 calendar days (20 days if the average market value of registered movable assets is established by the Commission on Registrable Assets) from the day the request and other required documents were submitted. The notification is valid for 10 days. The permanent Lithuanian resident is allowed self-calculation of the value of assets inherited abroad.
Order No 373 of the Head of the State Tax Inspectorate approved the rules and related forms for the statement of commencement of activities by permanent Lithuanian residents, the statement of the activity performed by the resident, the statement on registration of the permanent base of the temporary Lithuanian resident.
The forms FR0468, the statement of commencement of activities by permanent Lithuanian residents, and the form FR0469, the statement on registration of the permanent base of temporary Lithuanian resident, and respective rules on filling were approved.
Resolution No 1 of the Commission on Registrable Assets on determination of average prices of registrable immovable and movable property as of 1 February 2003. Passed on 24 January 2003 (State News 11-436)
The minimum value of declarable assets as of 1 February 2003 is Litas 46,400. And the average market values of registrable immovable and movable assets as of 1 February 2003 were established.
The order No 663/409a of the Minister of Environment and the Minister of Finance passed on 31 December 2002 the procedure for calculation and payment of the pollution tax, which came into force on 1 January 2003. (State News 4-152)
Order No 268 of the Minister of Environment issued on 3 July 2000 on approval of the provisional instructions for calculation and payment of the pollution tax was nulled.
The State Tax Inspectorate at the Ministry of Finance has prepared comments on Articles 5 and 22-24 of the Law on Profit Tax. These comments are published on the website of the State Tax Inspectorate (www.vmi.lt).
Order No 376 of the Head of the State Tax Inspectorate issued on 24 December 2002 approved the form FR0438 of the report on mutual property rights between controlling and subordinate entities and the rules of filling it in. (State News 2-66)
The form No FR0438 of the report on mutual property rights between controlling and subordinate entities was approved. The report is a supplement to the annual profit tax return and must be filed together with the profit tax return
The Government Resolution No 99 on deduction of business trip costs from the income for profit tax purposes was passed on 28 January 2003. (State News 11-396)
The resolution approved the procedure of deducting business trip costs from income for profit tax purposes. It is applicable for 2003 and subsequent tax periods. The amount of deductible daily allowance for business trips that may be deducted from income was increased to 25 % of minimum living standard (from 10 % minimum living standard).
Order No 3-26 of the Minister of Transport issued on 17 January 2002 amended and provided a new wording of the Rules for Passenger and Luggage Conveyance by Rail. The rules will come into force on 1 April 2003.
Order No V-6 of the Director of the State Register of Land and Other Immovable Property passed on 20 January 2003 approved a temporary procedure for changing the register manager by a legal person.
The register manager is changed when a legal person changes the place of residence from the territory of one municipality to another or a legal person expands its activity territory, it is registered at the place of its activities; when the legal person is reorganised, and another register manager is required by legislation to manage the legal person with the other form of organisation.
The State Tax Inspectorate at the Ministry of Finance has prepared comments on Articles 10, 20 and 23 of Residents Income Tax. These comments are published on the website of the State Tax Inspectorate (www.vmi.lt).
Order No V-6 of the Head of the State Tax Inspectorate passed on 8 January 2003 approved the classifiers of Lithuanian residents A and B income groups. (State News 6-260)
Coding classifiers for the type A and B income group were approved.
Order No 418 of the Minister of Finance approved the order of provision of information on the accounts opened or closed in foreign banks by Lithuanian private persons (permanent Lithuanian residents). It was passed on 31 December 2002 (State News 2-55)
Upon submitting an income tax return, a permanent Lithuanian resident shall supply information on all the accounts opened or closed with foreign banks during the tax period.
Order No V-21 of the Head of the State Tax Inspectorate passed on 24 January 2003 approved the rules on filing a request to recalculate income tax. State News (10-387)
The resident who received income from a Lithuanian entity, a foreign entity through its permanent establishment or from a non-permanent resident through his permanent base for the sale or other transfer of immovable company code property or registered movable property subject to legal registration in Lithuania, and taxable in accordance with Article 23 of the Law on Income Tax, shall present a request to recalculate the income tax (FR0464 form) and the document list (FR0465 form) to the Regional Tax Inspectorate, in the territory of which the withholding person is registered, resides permanently or has a permanent or other place of residence. The resident shall present the request in the same tax period when he/she has received the income from sale or other transfer of the asset, or with the annual income tax return after the end of the tax period.
Order No 372 of the Head of the State Tax Inspectorate approved the return form FR0457 for tangible fixed assets used for individual economic activities and the rules for filling it in. It comes into force on 1 January 2003. (State News 1-30)
The return form FR0457 for tangible fixed assets for individual activities was approved. A Lithuanian resident, engaged in individual activities, shall submit the return before commencement of usage of tangible fixed assets and software for individual activities. Otherwise no purchasing, maintenance and exploitation and repair and reconstruction costs related to the asset may be deducted for profit tax purposes.
The State Tax Inspectorate at the Ministry of Finance has prepared a comment on Article 4 of the Law on the Road Tax and the order on the income deduction amounts, calculation, and reimbursement and supervision of these amounts approved by the Government Resolution No 108. These comments are published on the website of the State Tax Inspectorate (www.vmi.lt).
Order No 380 of the Head of the State Tax Inspectorate approved the form FR0472 for declaration of payments to the Road Fund and the rules of filling it in. It was passed on 31 December 2002 (State News 2-68)
The new road tax declaration form FR0472 and the rules on filling it in were approved.
On 12 December 2002 the Government passed a Resolution No 1950 approving the new Road Traffic Regulations. They will come into force on 1 April 2003, with an exception of the 50 km/h speed limit in residential settlements that will come into force on 1 September 2003.
The Regulations prohibit manual usage of a mobile phone while driving a motor vehicle, except for the cases when the motor of the standing vehicle is shut off.
The requirements for the use of safety belts were specified, stating that the safety belts must be fastened when inside a driving motor vehicle with installed safety belts. Taxi drivers transporting passengers within residential settlements, drivers in the cars driving backwards or within the limits of parking lots may leave the safety belts unfastened.
Children under the age of 12 and not taller than 150 cm may be transported on the front seat of an automobile, a bus or a truck only in a special seat designed for their height and weight.
The children of three years and older transported on a back seat may use the safety belt designed for grown-ups or other safety fastening systems.
Children under the age of 3 may only be transported on the back seat and only in the seats specially designed for they height and weight.
The rules require driving with the car lights turned on from 1 September to 1 April.
Order No 3-24 of the Minister of Transport issued on 16 January 2003 approved the passenger conveyance forms and the procedure for their accounting, orders, production, technological protection, distribution, purchase, usage and destruction.
Order No 3-25 of the Minister of Transport on implementation of the agreement regarding international non-route passenger transportation by intercity and city busses (INTERBUS) approved the following:
· Sample travel sheet journal;
· Sample application for a permit to provides international non-route services;
· Sample permit to provide non-liberalised non-route services.
The State Tax Inspectorate at the Ministry of Finance has prepared comments on Article 11 and amendment to comments on Paragraph 4 of Article 5, Paragraph 7 of Article 28, Paragraphs 1 and 2 of Article 32 and Paragraph 1 of Article 41 of the Law on VAT. These comments are published on the website of the State Tax Inspectorate (www.vmi.lt).
Order No 1K-10 of the Minister of Finance passed on 10 January 2003 confirmed the order and the cases of adding the amounts of subsidies and grants to the VAT payers income from mixed activities. (State News 5-217)
When calculating the part of input VAT, which may be included in the VAT return, all the grants and subsidies, except for those included in the taxable value, are added to the VAT- payers income received or receivable from sales of any goods or services.