Investors’ Forum Tax system outlook 2014 “It is high time the Lithuanian tax system started growing the ‘fourth leg’” provides the insights on Lithuanian tax system. Being ahead of many European Union Member States Lithuania is still lagging behind the other Baltic States. In the pursuit of attracting more investors, the state should undertake relevant measures to improve the integrity of the tax system.
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Association Investors’ Forum for the first time announced Lithuania’s Investors’ Confidence Index. Currently, at Q2 2014, its value is 1.101 оut of 2. The majority of investors’ rate business development prospects positively. The investors expect increasing demand on goods and services, as well as creation of new jobs.
Investors’ Forum determined the Investors’ Confidence Index by surveying 56 foreign capital, Lithuania-located companies. The companies assessed country’s business environment, corporate investment plans and factors influencing their activities.
Investors’ Forum partners Invest Lithuania and professional services company EY contributed to the preparation of the index. In the future, Investors’ Forum will announce the index quarterly.
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Based on the request of the Investors’ Forum Association, Ernst & Young Baltic prepared a feasibility study for the International Development of Lithuanian Business. For the preparation of this document the most recent studies and researches in the areas of foreign direct investment attraction, export and competitiveness promotion were used. Additionally, international findings were supplemented with the national and regional insights from Ernst & Young project and initiatives implemented during the recent 3-5 years in Lithuania and the Baltic region. You can review the whole study here…
In this outlook, “Investors’ Forum” tax group gives out its recommendations how to make the Lithuanian taxation system stable, competitive and attractive for not only already established and operating businesses, but for potential local and foreign investors as well. “Investors’ Forum” tax group presents its recommendations in the form of 7 sins (what not to do) and 10 commandments (what to do). You can find the whole publication here…
This “Investors’ Forum” outlook ” Making the Tax System Better for Everyone” analyzes main taxes of Lithuania: corporate income tax, land tax, immovable property tax, personal income tax, social health and insurance, value added tax and the system of tax administration in Lithuania. Read the whole outlook…
