Lithuania News

OECD Reports Solid Progress On BEPS Action 5 And 14
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, February 16, 2022
The OECD/G20 Inclusive Framework on BEPS has published the outcome of more reviews into territories' preferential tax regimes and on tax dispute resolution through the Mutual Agreement Procedure. Read Full Story

Germany, Pakistan Ratify The BEPS MLI
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 22, 2020
Germany and Pakistan have deposited their instrument of ratification with the OECD to bring into force the BEPS multilateral instrument for their networks of tax treaties. Read Full Story

EU Expecting COVID-19 Dent In 2020 VAT Collections
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, September 22, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story

OECD Releases Taxing Wages 2020 Report
by Ulrika Lomas, Tax-News.com, Brussels
Friday, May 15, 2020
The OECD has released its Taxing Wages 2020 report, which highlights that taxes on labor across the OECD countries fell for the sixth consecutive year in 2019. Read Full Story

Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 15, 2019
The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Read Full Story

OECD Says Pace Of Global Tax Reform Has Slowed
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, September 5, 2019
The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges. Read Full Story

Singaporean BEPS Treaty Amendments Become Effective
by Mary Swire, Tax-News.com, Hong Kong
Friday, April 5, 2019
The Inland Revenue Authority of Singapore has announced that the BEPS multilateral instrument entered into force for several of its double tax treaties on April 1, 2019. Read Full Story

EU To Probe Potential Abuses Of Citizenship By Investment Schemes
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 28, 2019
For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states. Read Full Story

OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017
by Ulrika Lomas, Tax-News.com, Brussels
Friday, December 7, 2018
Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies. Read Full Story

OECD Reports Progress On Harmful Tax Regimes Work
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 23, 2018
Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. Read Full Story
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