+33 7 49 08 79 70 
+370 640 15586 Forensic and analytical accounting and management consultancy for Lithuanian companies
Orixel is an accountancy and consultancy firm set up in 2009, specialising in finance and strategy for small businesses investing in the Lithuanian market or investing in Europe from Lithuania.
Our primary service is the legal accounting of companies incorporated under Lithuanian law; general and analytical accounting, bookkeeping, cash management, handling tax returns, payroll management, drawing up financial statements, etc. We offer this service in Lithuanian, French, English, Italian and Ukrainian.
Tel. +370 640 15586
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News
2025.06.18 – Increases in corporate income tax, from 2025 and 2026. Corporate tax rates have been raised from 15% to 16% from 2025 (and from 5% to 6% for small businesses). The Parliament of the Republic of Lithuania has adopted new amendments from 2026. The most important are as follows: – corporate tax rates will rise from 16% to 17% (and from 6% to 7% respectively). – new small businesses with revenues of up to 300,000 euros will be able to apply a 0% rate for the first two tax periods. Previously, the benefit was only available for the first year (article 5, paragraph 2, of the Income Tax Act); – only annual income will be taken into account when deciding whether to apply a corporate tax rate of 0% or 7%. The average number of employees will no longer be taken into account.
2025.06.11 – Accounting services companies will be required to provide information on their activities to the Financial Crimes Investigation Service (FNTT). From now on, all accounting and tax advisory firms and individual professionals will be obliged to regularly provide detailed information to the Financial Crimes Investigation Service (FNTT) on their activities, clients and the measures taken to prevent money laundering and terrorist financing. The questionnaire adopted by the FNTT is wide-ranging: it will require the number of clients, nationalities, volume of transactions, types of services, beneficiaries, turnover, internal control procedures, training, even where client relationships have been terminated because of risks. Accounting firms will complete the questionnaire in the FNTT’s electronic system and will be asked to correct any incomplete information immediately. The questions are very detailed and it is likely that accounting firms will not only have to devote additional resources to complete the questionnaire, but will also have to contact their clients for further information. The workload will increase and the intensity of communication with clients will increase
2024.09.10 – Amendments to the TCJA will enter into force on 1 January 2025, increasing corporate tax rates. The corporate tax rate of 15% is increased to 16% and the 5% rate to 6%. The new corporate income tax rates will be applied for the calculation of corporate income tax for 2025 and subsequent years. The preferential rate of 0% on the taxable profits of small companies for the first tax period and the 10% rate on certain foreign source income have not been changed.
2024.04.30 – Statutory capital for crypto-licensed companies (“Virtual Assets Services Providers”, hereafter VASPs) in Lithuania, since August 1, 2024:
According to the recent changes to the AML/CTF Law, VASPs must ensure that share capital in the amount of EUR 125 000 is fully paid up and that own funds (equity capital) of VASP will at all times be equal to or higher than EUR 125 000. This is different from current requirement to have the authorized capital equal to EUR 125 000.
New obligation will come into force on 1 August 2024 and by 31 August 2024 all registered VASPs will have to submit to the Financial Crime Investigation Service (FCIS) evidence proving that they are in compliance with a new requirement on own funds. The AML/CTF Law does not specify the particular evidence that VASP shall provide to the FCIS, however, generally, the amount of own funds (equity capital) of a legal entity are reflected in the financial statements prepared in accordance with applicable accounting framework (there is no obligation for VASPs to have financial statements audited, thus, it is unlikely that FCIS will require such statement to be audited, but this is yet to be confirmed in FCIS’s practice).
According to the amendments of the AML/CTF Law, failure to submit aforementioned evidence by 31 August 2024, will be a basis for FCIU to enforce deregistration an entity as VASP in which case it will cease a right to engage in VASP activities.
https://fntt.lrv.lt/lt/pinigu-plovimo-prevencija/informacija-lietuvos-respublikoje-isteigtiems-juridiniams-asmenims-vykdantiems-virtualiuju-valiutu-keityklu-operatoriu-ir-arba-depozitiniu-virtualiuju-valiutu-piniginiu-operatoriu-veikla/
2024.01.16 – Message from SoDros
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