Bookkeeping
Bookkeeping – is the main financial information management system, including financial statements, budgets, payroll, taxes, etc. It recorded, classified and summarized in the data, enabling assessment of the company's assets, funds, operating results and financial condition.
Taxes
Taxes – it is a state a fixed amount of money required to pay from their own performance or to carry out, you want to perform the action. The fees charged by each engaged in economic activity at the time and procedure. The main taxes are paid for the employment relationship and for the activities.
The tax payer must taxes to calculate, declare, pay. In some cases, tax calculate, declare and pay the required non-taxpayer and another person, for example, for an employee population of the income required to pay the employer.
Generally, the fees required to be paid by each company:
Income tax payment depends on how much the company employs people, and what a year results in tax revenues, it may be 15 or 5 %. In that case, if the creation of a single undertaking, as well as some of the company employees is more than 10, and the tax period income of 300 000 euros or greater, the company is required to pay 15 % income tax, otherwise the company pays a 5 percent income tax. When paid income tax by the state. If the income exceeds eur 300 000, then the paid advance, on a quarterly basis.
Value added tax pay only the VAT payers. At the moment the set VAT rate is 21 %. VAT tax can be paid for monthly or every six months.
Real estate tax in every municipality is different, usually contained in the 0.3 – 1 % range. Generally paid on an annual or quarterly basis. Of the estimated declared tax amount of the taxpayer, the State tax inspectorate shall inform the submitting the tax declaration.
Their activities in support of continuous improvement principle, the Added Value is provided by the tax planning and specialized legal advice services. The individual business challenges – Added Value the value added generated in the part. Adapted innovative legal tools to control the undertaking tax liabilities that the company's finances are managed in a safer and more comfortable.
VALUE ADDED TAX (VAT)
VAT is one of the most important Lithuania's budget tax, accounting for about half of all revenue. This indirect tax is added to the goods or services the price, making it ultimately borne by the final consumer. The company acts as an intermediary between the buyers and the state budget, through the payment of the difference between the received and paid in VAT. At the moment the set VAT rate is 21 %. VAT tax can be paid for monthly or every six months.
Businesses VAT allows for the deduction, reducing the amount due or the recovery of overpayment. Overpayments occur when a company purchases exceed sales, usually for the acquisition of assets or sales abroad. From 2015. the entry into force of the amendments, construction services are often performed with the reverse charge VAT, and it also leads to excess.
Refund of fees
Companies with expenses abroad are often faced with a tax problem. Usually, the fee paid is returned, but for some characteristics of ignorance can only prisidaryti unnecessary worries. Each country applies different laws, certain legal terms, you can quite neišmanyti, as well as the new EU system, aiming to facilitate the return procedure has a lot of nuances and requires many specific expertise and staff time, which can be used for more effective operation of the undertaking. Finding the one – the technical requirements and tax refund can be a challenge! Foreign tax administration costs may significantly reduce the potential benefits. It's the same with Lithuania on taxes and on their return. It takes a lot of time and requires the legal knowledge, specific knowledge.
tax Optimization
The company, which time shall establish and implement appropriate tax saving measures, may be much more efficient use of cash flow, increase profits and return on investment. The planning of taxes, it is necessary to follow the statutory requirements and tax administrative authorities of the practice, to avoid the risk that inappropriate tax saving actions will be recognised for tax evasion.
The main tax optimization objective – legal means to achieve that charges to minimum. Only a good knowledge of the tax structure, and the use of legislation advantage of the tax opportunities available to reduce the tax costs, tax optimization is understood as the business structure of the legal tax reduction on the model of the creation or correction of, a transaction with the purpose to reduce the tax burden.
indirect taxes
The tax system of interconnected and complementary, restrictive, and the interdependence of the tax system consists of the companies and the population pay taxes. They are paid to the state budget, municipal budgets, or nebiudžetinius funds. Fees in accordance with the sampling method is divided into direct and indirect.
Indirect taxes directly related to the payer's income property. The final and actual indirect tax payer is a consumer.
Indirect taxes are considered as excise duty, value added tax, customs duties. Specific indirect tax form is the employers ' compulsory social insurance contributions, which are included in the production cost. Indirect taxes are important, since a large part of the Republic of Lithuania, the state budget revenue. Indirect taxes requires a certain harmonization of the level, since they have an impact on the free movement of goods and freedom to provide services.
Sole proprietorship taxes
As an individual company, it is the unlimited liability of a legal person. This kind of undertaking, property law, may belong to a single individual. In order to establish an individual enterprise law does not require any minimum amount of initial capital, so the business started with a good idea and low initial funds. An individual company can do the work neįdarbinant other workers, in other words, in such a company may work alone only the owner and members of his family.
Individual company charges for minor requirements – applies to condensed financial statements. In the first fiscal year, in order to help the newly atsidariusioms businesses, the tax inspectorate of specialists, even after setting the breaches of the legislation, a new company to the tax payer first, not punishing, and warn, advise, provide the necessary aid and specifies the terms to correct the mistakes.
Refund of fees
Companies with expenses abroad are often faced with a tax problem. Usually, the fee paid is returned, but for some characteristics of ignorance can only prisidaryti unnecessary worries. Each country applies different laws, certain legal terms, you can quite neišmanyti, as well as the new EU system, aiming to facilitate the return procedure has a lot of nuances and requires many specific expertise and staff time, which can be used for more effective operation of the undertaking. Finding the one – the technical requirements and tax refund can be a challenge! Foreign tax administration costs may significantly reduce the potential benefits. It's the same with Lithuania on taxes and on their return. It takes a lot of time and requires the legal knowledge, specific knowledge.
tax Optimization
The company, which time shall establish and implement appropriate tax saving measures, may be much more efficient use of cash flow, increase profits and return on investment. The planning of taxes, it is necessary to follow the statutory requirements and tax administrative authorities of the practice, to avoid the risk that inappropriate tax saving actions will be recognised for tax evasion.
The main tax optimization objective – legal means to achieve that charges to minimum. Only a good knowledge of the tax structure, and the use of legislation advantage of the tax opportunities available to reduce the tax costs, tax optimization is understood as the business structure of the legal tax reduction on the model of the creation or correction of, a transaction with the purpose to reduce the tax burden.
indirect taxes
The tax system of interconnected and complementary, restrictive, and the interdependence of the tax system consists of the companies and the population pay taxes. They are paid to the state budget, municipal budgets, or nebiudžetinius funds. Fees in accordance with the sampling method is divided into direct and indirect.
Indirect taxes directly related to the payer's income property. The final and actual indirect tax payer is a consumer.
Indirect taxes are considered as excise duty, value added tax, customs duties. Specific indirect tax form is the employers ' compulsory social insurance contributions, which are included in the production cost. Indirect taxes are important, since a large part of the Republic of Lithuania, the state budget revenue. Indirect taxes requires a certain harmonization of the level, since they have an impact on the free movement of goods and freedom to provide services.
Sole proprietorship taxes
As an individual company, it is the unlimited liability of a legal person. This kind of undertaking, property law, may belong to a single individual. In order to establish an individual enterprise law does not require any minimum amount of initial capital, so the business started with a good idea and low initial funds. An individual company can do the work neįdarbinant other workers, in other words, in such a company may work alone only the owner and members of his family.
Individual company charges for minor requirements – applies to condensed financial statements. In the first fiscal year, in order to help the newly atsidariusioms businesses, the tax inspectorate of specialists, even after setting the breaches of the legislation, a new company to the tax payer first, not punishing, and warn, advise, provide the necessary aid and specifies the terms to correct the mistakes.
Tax consultations