On Aug. 8, LTH Tax amended explanations to Arts 87, 107, 159.
LTH Tax issued information notice on the amendment of summary explanations, or comments, on Articles 87, 107 and 159 of the Law on tax administration.
Summary explanations aim to unify application of the Tax Code and to help taxpayers better understand and properly exercise their rights and obligations.
Amendments
Information notice includes comparison between draft and final amended explanations.
Amendments re Art 87 on credit and refund of tax overpayment; Art 107 on statute of limitations for forced recovery of tax arrears, and Art 159 on appeal to court.
All amended according to LTH Tax notice R-2823, dated Aug. 5, 2024.
Aug. 26, 2024 Information Notice
On Aug. 26, 2024, LTH Tax issued an information notice regarding the amendment of the Tax administration law (MAI) of Republic of Lithuania, as well as other legal acts.
Notice confirmed on Jun. 25, 2024 LTH PRL adopted package of amendments to legal acts including MAI, Law XIV-2805, and Articles 646, 650, 651 of the Code of Civil Procedure of Republic of Lithuania and addition to Code in Art. 583, in Law XIV-2806.
Also, Law XIV-2807, the Law on the Amendment of the Penal Code, which harmonizes the provisions of the Penal Code with the provisions of the changes to the MAI law.
Law on Amendments to Articles 163, 307, 342 and 352 of Code of Criminal Procedure of Republic of Lithuania, Law XIV-2808, BPK Amendment Law, harmonizing provisions.
Law on Amendments to Articles 672 and 676 of the Code of Administrative Offenses of Republic of Lithuania, Law XIV-2809, Law on the Amendment of the ANC, harmonizing provisions of the Code of Administrative Offenses, with the new provisions of the MAI.
Details of the effects of these changes are now set out within the information notice.
The terms of the amended MAI enters into force on Jun. 30, 2026, but for Articles 5 and 6 and Part 7 of Article 11 of the Law, which will all enter in force on Nov. 1, 2024.
Regulators
LTH Tax
Entity Types
CNSM; Corp
Reference
PR 8/26/2024; PR 8/8/2024; Lt R-2823, 8/5/2024; Law XIV-2805, Law XIV-2806, Law XIV-2807, Law XIV-2808, Law XIV-2809, 06/25/2024; MAI (LTH); BPK (LTH); ANC (LTH); Citation: Law XIV-2805; Law XIV-2806; Law XIV-2807; Law XIV-2808; Law XIV-2809;
