A new Personal Income Tax incentive in Lithuania comes into force in February 2020 to make employee stock options more attractive to use. Under the new rules, fringe benefits from share options are exempt from personal income tax if a share option is held by an employee (but not exercised) for at least 3 years […]
Following introduction of the 4th EU Anti-Money Laundering Directive in 2015, the corresponding laws in Estonia, Latvia and Lithuania have been amended, implementing a requirement for companies having their registered address in any of the Baltic countries to disclose and register their ultimate beneficial owners (UBOs) in commercial registers. However, the status of the 4th […]
Publication / Kirill Laptev
1. The Law 1.1. Key Acts, Regulations, Directives, Bills (only if highly likely to become law) The Constitution of the Republic of Belarus of 1994 (available in English (non-official translation) here); Law of 10 November 2008 No. 455-Z on Information, Informatization and Data Protection (available in Russian here) (‘the Law on Information’). Belarusian laws provide for […]
Publication / Augustas Klezys, Laura Matukaitytė, Dalia Augaitė, Liutauras Vasiliauskas
On 17 October 2019, the Bank of Lithuania released Guidelines on Securities Token Offerings. The primary goal of the Guidelines is to provide clarity regarding the legislation on tokens that have features of securities. The Guidelines lay out the neutrality regulation policy exercised by the Bank of Lithuania in regard to technology, meaning that regardless […]
Publication / Alexey Anischenko, Valeria Dubeshka, Katsiaryna Hashko, Kirill Laptev
You can view the Guide here.
