In Lithuania

Wed, 2 May 2012, Distribution of interim dividends in Lithuania…

If a legal person gets a dividend from another company, the tax rate is 15 percent; if the shareholder is a natural person the rate is 20 percent from the income of the dividend.

The company that wants to distribute an interim dividend does not have to change its articles, because the right to distribute them is ensured by the law. It cannot be decided to distribute interim dividends earlier than 3 months after the last procedure of distribution. These new regulations are not applicable to banks, other credit institutions or insurance companies. The drawback of this new regulation is that shareholders do not have an immediate duty to pay …

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LITHUANIA is a state in Northern Europe which has borders with Latvia, Russia, Poland and Belarus. Across the Baltic Sea lies Sweden and Denmark. Lithuania covers around 65 thousands square kilometers. The only official language in Lithuania is Lithuanian. Lithuania as a state is a parliamentary republic with internal division of 60 municipalities. The capital of Lithuania is Vilnius. Lithuania is a member of NATO, and the European Union and the Council of Europe. In 2009, Vilnius was the European Capital of Culture and Lithuania celebrated the millennium of its name.