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Lithuania Explains Expansion of Participation Exemption

|Approved Changes|Lithuania
Lithuania

Lithuania's State Tax Inspectorate has published a comparative draft document on its draft commentary page detailing amendments to the Corporate Income Tax Law and its official commentary regarding the scope of the country's participation exemption. Currently, Lithuania exempts gains from the transfer of shares or similar rights in a Lithuanian company or a company located in an EEA country or other country with which Lithuania has a tax treaty if certain conditions are met. The general con…

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