Sunday, February 15, 2009

Lithuania Tax Rates 2009

The corporate income tax rate for 2009 is 20% .
Individuals pay a flat 15% tax, 20% for dividend income.
Tax withholding rates for payments to non-residents are 20% for dividends, 10% for interest and royalties .
The tax year is the calendar year.
The standard V.A.T. rate in Lithuania is 19%.


Monday, February 2, 2009

U.S. - France income tax treaty 2009

The U.S. and France signed on January 13, 2009 a protocol updating the current 1994 income tax treaty between the two countries.
The protocol has some significant changes to the current treaty, including, under certain terms, exemption from tax withholding of dividend and cross border royalty payments.
The protocol also rpovides for mandatory arbitration for cases not resolved by the two authorities within a specific period.
It also deals with preventing "treaty shopping", in case of inappropriate use of a tax treaty by third country residents.
For more details please see