Lithuania

Overview of CbC reporting requirements

Lithuania has fully implemented the BEPS Action 13 (CbC reporting) minimum standard and meets all of the terms of references.

First reporting fiscal year: Commencing on or after 1 January 2016

Consolidated group revenue threshold: EUR 750 million

Filing deadline: 12 months following the end of the reporting fiscal year

Local filing required: Yes

Surrogate parent entity filing permitted: Yes

First review of the domestic legal framework: 2017/2018

Summary of recommendations

Area of implementation

Recommendations for improvement

Domestic legal and administrative framework

None.

Exchange of information framework

None.

Appropriate use

None.

The domestic legal and administrative framework

Lithuania confirms that its rules have not changed and continue to be applied effectively. Lithuania continues to meet all terms of reference.1 2

The exchange of information framework

Lithuania confirms that its rules have not changed and continue to be applied effectively. Lithuania continues to meet all terms of reference.

Appropriate use of CbC reports

Lithuania confirms that its rules have not changed and continue to be applied effectively. Lithuania continues to meet all terms of reference.

Notes

← 1. Lithuania’s 2017/2018 peer review included a monitoring point relating to the definition of “International Corporation Group”. This monitoring point remains in place.

← 2. Lithuania’s 2017/2018 peer review included a monitoring point relating to the interpretation of the definitions of “Revenues – Related Party”. This monitoring point remains in place.

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