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Taxation In Lithuania
Taxes in Lithuania are levied by the central and the local governments. Most important revenue sources include the value added tax, income tax, personal income tax, excise tax and corporate tax, corporate income tax, which are all applied on the central level. In addition, social security contributions are collected in a social security fund, outside the government budget, national budget. Taxes in Lithuania are administered by the State Tax Inspectorate, the Customs Department (Lithuania), Customs Department and the State Social Insurance Fund Board. In 2019, the total government revenue in Lithuania was 30.3% of GDP. History of taxation in Lithuania Before the 16th century, finances in the Grand Duchy of Lithuania were based on barter. The first taxes ('':lt:duoklė, duoklė'' ("tribute"), :lt:wikt:dėkla, dėkla (grain and hay trubite) and ') were paid in farm products. The first cash taxes were introduced during the reign of Kęstutis, although most taxes were still paid in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lithuania
Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, Poland to the south, and the Russian exclave, semi-exclave of Kaliningrad Oblast to the southwest, with a Maritime boundary, maritime border with Sweden to the west. Lithuania covers an area of , with a population of 2.89 million. Its capital and largest city is Vilnius; other major cities include Kaunas, Klaipėda, Šiauliai and Panevėžys. Lithuanians who are the titular nation and form the majority of the country's population, belong to the ethnolinguistic group of Balts and speak Lithuanian language, Lithuanian. For millennia, the southeastern shores of the Baltic Sea were inhabited by various Balts, Baltic tribes. In the 1230s, Lithuanian lands were united for the first time by Mindaugas, who formed the Kingdom of Lithuania on 6 July ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hiberna
Hiberna in the Polish–Lithuanian Commonwealth, also known as "chleb zimowy" (winter bread), was an obligation to guarantee accommodation for troops during winter time. It was an obligation of ''Królewszczyzna'' ( crown lands) and church estates. Initially it was paid in kind, in 1649-1652 it was a targeted tax to support the troops collected by Grand Crown Hetman. Over time ''hiberna'' absorbed some other taxes (e.g. Jewish poll tax and '' kwarta'') and extended to other population categories.''Scepter of Judah: The Jewish Autonomy in the Eighteenth-Century Crown Poland''pp. 16-17/ref> The term is borrowed from ancient Rome, where the '' castra hiberna'' were a winter camps for Roman legions The Roman legion (, ) was the largest military unit of the Roman army, composed of Roman citizens serving as legionaries. During the Roman Republic the manipular legion comprised 4,200 infantry and 300 cavalry. After the Marian reforms in 1 .... References {{reflist Military hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Agriculture (Lithuania)
The Ministry of Agriculture of the Republic of Lithuania () is a government department of the Republic of Lithuania. Its operations are authorized by the Constitution of the Republic of Lithuania, decrees issued by the President and Prime Minister, and laws passed by the Seimas (Parliament). Its mission is to prosecute state policy realization and coordination in ranges of land, food, fishery, village development, agriculture. The current head of the Ministry is Kęstutis Navickas. History The ministry was first established on 11 November 1918, as the Ministry of Agriculture and State Assets () of the Republic of Lithuania. Its first minister was Juozas Tūbelis. It was renamed to the Ministry of Agriculture on 21 June 1924. Ministers References {{authority control Agriculture Lithuania Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Environment (Lithuania)
The Ministry of Environment of the Republic of Lithuania () oversees the environment and natural resources in Lithuania. Its mission is: *To implement the principle of sustainable development; *To set preconditions for rational utilization, protection and restoration of natural resources; *To ensure provision of information about the state of environment and its forecasts to the public; *To create conditions for the development of construction business and the provision of residents with housing; *To ensure a proper environmental quality, taking into account the norms and standards of the European Union. The Environment Protection Department, accountable to the Supreme Council – Reconstituent Seimas, was established to oversee environment protection and exploitation of natural resources after Lithuania restored its independence in 1990. In 1996, the Department was reorganized into Ministry of Environmental Protection. In 1998, after the merger with Ministry of Housing and Urba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Revenue Of The National Budget Of Lithuania By The Tap Of Tax (2020)
A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax relief. The first known taxation occurred in Ancient Egypt around 3000–2800 BC. Taxes consist of direct or indirect taxes and may be paid in money or as labor equivalent. All countries have a tax system in place to pay for public, common societal, or agreed national needs and for the functions of government. Some countries levy a flat percentage rate of taxation on personal annual income, but most scale taxes are progressive based on brackets of yearly income amounts. Most countries charge a tax on an individual's income and corporate income. Countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Substance Over Form
Substance over form is an accounting principle used "to ensure that financial statements give a complete, relevant, and accurate picture of transactions and events". If an entity practices the 'substance over form' concept, then the financial statements will convey the overall financial reality of the entity (economic substance), rather than simply reporting the legal record of transactions (form). In accounting for business transactions and other events, the measurement and reporting is for the economic impact of an event, instead of its legal form. Substance over form is critical for reliable financial reporting. It is particularly relevant in cases of revenue recognition, sale and purchase agreements, etc. The key point of the concept is that a transaction should not be recorded in such a manner as to hide the true intent of the transaction, which would mislead the readers of a company's financial statements. Examples There is widespread use of substance over form concept in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Treaties
A tax treaty, also called double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes. Besides bilateral treaties, multilateral treaties are also in place. For example, European Union (EU) countries are parties to a multilateral agreement with respect to value added taxes under auspices of the EU, while a Convention on mutual administrative assistance in tax matters, joint treaty on mutual administrative assistance of the Council of Europe and the Organisation for Economic Co-operation and Development (OECD) is open to all countries. Tax treaties tend to reduce taxes of one treaty country for residents of the other treaty country to reduce double taxation of the same income. The provisions and goals vary significantly, with very few tax treaties being alike. Most treaties: * define ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seimas
The Seimas of the Republic of Lithuania (), or simply the Seimas ( ; ), is the unicameralism, unicameral legislative body of the Lithuania, Republic of Lithuania. The Seimas constitutes the legislative branch of Government of Lithuania, government in Lithuania, enacting laws and amendments to the Constitution of Lithuania, Constitution, passing the budget, confirming the Prime Minister and the Government of Lithuania, Government and controlling their activities. Its 141 members are elected for a four-year term, with 71 elected in individual constituencies, and 70 elected in a nationwide vote based on open list proportional representation. A party must receive at least 5%, and a multi-party union at least 7%, of the national vote to qualify for the proportional representation seats. Following the 2024 Lithuanian parliamentary election, elections in 2024, the Social Democratic Party of Lithuania is the largest party in the Seimas, signing an agreement to form a coalition governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitution Of Lithuania
The Constitution of the Republic of Lithuania () defines the legal foundation for all laws passed in the Republic of Lithuania. The first constitution of the contemporary republic was enacted on 1 August 1922. The current constitution was adopted in a referendum on 25 October 1992. History Statutes of Lithuania The first attempt to codify the laws of Grand Duchy of Lithuania took the form of Statutes of Lithuania, with the First Statute in power in 1529. The document, written in Ruthenian language, fulfilled the role of the supreme law of the land, even including provisions that no other law could contradict it. Constitution of 3 May 1791 In the 18th century the Polish–Lithuanian Commonwealth, a federal entity consisting of the Grand Duchy of Lithuania and the Crown of the Kingdom of Poland, faced a period of decline due to increasingly dysfunctional internal politics. In a belated attempt to rectify the situation, a constitution was adopted on May 3, 1791 – on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Tax
A progressive tax is a tax in which the tax rate increases as the taxable amount increases. The term ''progressive'' refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate. The term can be applied to individual taxes or to a tax system as a whole. Progressive taxes are imposed in an attempt to reduce the tax incidence of people with a lower wikt:ability to pay, ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay. The opposite of a progressive tax is a regressive tax, such as a sales tax, where the poor pay a larger proportion of their income compared to the rich (for example, spending on groceries and food staples varies little against income, so poor pay similar to rich even while latter has much higher income). The term is frequently applied in reference to personal income taxes, in which people with lower income pay a lower percen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Occupation Of The Baltic States
The occupation of the Baltic states was a period of annexation of Estonia, Latvia and Lithuania by the Soviet Union from 1940 until its Dissolution of the Soviet Union, dissolution in 1991. For a period of several years during World War II, Nazi Germany occupied the Baltic states after it invaded the Soviet Union in 1941. The initial Soviet occupation of the Baltic states (1940), Soviet invasion and occupation of the Baltic states began in June 1940 under the Molotov–Ribbentrop Pact, made between the Soviet Union and Nazi Germany in August 1939 before the outbreak of World War II. The three independent Baltic states, Baltic countries were annexed as constituent Republics of the Soviet Union in August 1940. Most Western countries did not recognise this annexation, and considered it illegal. In July 1941, the German occupation of the Baltic states during World War II, occupation of the Baltic states by Nazi Germany took place, just weeks after its Operation Barbarossa, invasion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
