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01.10.2016 the information system of smart tax administration i.MAS starts to work, in which through the subsystem i.VAZ consignments and other transport documents, issued during the transportation of goods by road transport within the territory of the Republic of Lithuania, can be submitted to the State Tax Authorities.

Consignments must be submitted to the STI, if they meet all the following conditions:

1. Goods are loaded and transported by road vehicles only in the LR area;
2. The consignor and consignee carries out economic activities like an individual or legal person;
3. Freight business relationship is established between the sender and recipient (may be between the carrier, transport organizer or the other authorized person).

Consignments are not mandatory to submit to STI, when:

1. Data in the consignment is referred in the document of movement of excise goods, containing identification number of the transportation provided by the excise information system;
2. The transported cargo belongs to the legal or individual person who is engaged in agricultural activities, produced / extracted agricultural products are being moved from their grown / collection places (exception does not apply when transporting agricultural products from the processing areas);
3. The consignor and consignee is the same person;
4. The consignor is not a VAT payer;
5. The consignor is a VAT payer, which total refund amount for the activity in the

LR territory in a year is up to 45.000 Eur;

6. Transported cargo – goods under LR customs control.

Consignments issuing process:

1. Preparing of the load;
2. Consignment issues in the STI system not earlier than 7 days before the departure and days and not later then the date and time indicated in the consignment;
3. STI confirms that the consignment have been issued by giving to it the registration number;
4. The load is transported;
5. When the consignee receives the cargo, latest within 5 working days information about the received cargo must be submitted to the STI.

Consignment data must be specified in the STI system if:

1. during the transportation consignee has been changed;
2. The cargo has not been delivered to the consignee and was returned to the consignor; 3. The cargo did not move from the place of consignment.

Electronic submission of consignments to the STI:

1. Submission of formed XML document to i.VAZ;
2. Conducting information directly to the i.VAZ system;
3. Using a web service.

Consignment data must be submitted to STI by the promoter of consignment.

The consignor is responsible for the consignment promoters submitted data accuracy, as it is provided in the Road Transport Code.

Information source: STI

State Tax Inspectorate (STI) approved the rules of data management and submission of Value Added Tax invoices registry and i.SAF data files description. Payers of value added taxes must enter VAT invoice data into i.SAF subsystem and submit received / issued registers of VAT invoices to the STI from October 1, 2016.

VAT invoices data registers must be provided for STI by taxable persons who are registered as VAT payers in Lithuania. Registers must be managed in their systems also by those who are not VAT payers but receive VAT invoices. Issued VAT invoices must be registered by the taxable person – seller. Issued VAT invoices must be recorded in accordance with the invoice date. Incoming VAT invoices are registered by taxable person – buyer. Incoming VAT invoices are recorded according to their date of receipt.

Register data for tax period must be submitted to the STI until the 20^th of the next month, if the VAT taxable person submits VAT declarations monthly.

Data of registers must be submitted for STI electronically:

1. Submission of the formed XML document to the i.SAF;
2. Entering information directly into the i.SAF system;
3. Issuing VAT invoices directly from the i.SAF system;
4. Using the web service.

Company Octavus will provide customers’ received and issued VAT invoice register data in the XML format which was specified by the STI.

Information source: STI

The Ministry of Economy since the 13^th April 2016 until the 14^th July invites to apply for support under the 2014-2020 period EU structural investment measure ‘ECO-INNOVATION LT+’.

Measure ‘ECO-INNOVATION LT+’ will support activities related to the implementation and promotion of eco-innovative technologies, in order to reduce the adverse effects of climate change and the greenhouse effect.

Eligible costs – purchase of eco-innovative technology (equipment and facilities) or financial lease (leasing) costs necessary for direct project activities, also wages for employees who will work with eco-innovative technologies, i.e. provided wage costs resulting from the initial investment-related jobs and calculated in two years after their creation.

Suitable applicants – a very small, small and medium-sized companies, operating for at least one year, with an average annual income is not less than 145 000 Eur over the last 3 financial years or during the period from the date of registration of the company. Partners are not possible.

Till the 14^th July 2016 applicants can submit applications and claim to the maximum – funding of 900 000 Eur. Supported part of the project can be no more than 45 percent of the total eligible project costs.

Source: Ministry of Economy

From 28.12.2015 till 28.03.2016 applications under the measure ‘Intellect. General science-business projects’ will be accepted.

Objective of the measure – to encourage companies to invest in the necessary research and development (R & D) in order to create innovative products, services or processes, as well as to encourage the development of enterprises and the creation of innovative companies by investing in R & D and creation and development of innovations’ infrastructure.

Supported activities:

•  Research and Development (R & D);
• companies’ initial investments to create a new or expanding an existing business R & D and innovation infrastructure, which is not publicly available or in the clusters.

 Applicants:

• private legal persons (except institutions of higher education and research);
• public institutions engaged in R & D activities (except institutions of higher education and research).

Size of support:

• up to 1 200 000 Eur for private legal persons;
• up to 3 000 000 Eur for public institutions.

 Intensity of support: funding up to 80 % of the total eligible costs.

 Source: LVPA

Collection of applications under the EU support measure’s ‘Investments in the tangible assets’ activity field ‘Support for investments in agricultural holdings’ have been extended, they will be collected from 16.05.2016 to 30.06.2016.

Beneficiaries participating in the Lithuanian Rural Development Programme (RDP) 2007-2013 and completed the projects, the entire project monitoring period each year until the 30^th of April through the information system ŽŪMIS must submit the completed project annual reports.

To the information system ŽŪMIS can join the applicant or authorized person by him. Any applicant (natural or legal person) can authorize another natural person to submit documents for the applicant via ŽŪMIS.

Source: NPA

Schedule for the year 2016 for applications under the Lithuanian Rural Development Program 2014-2020 have been approved by the order of minister of agriculture in 18th of December 2015:

• • collection period for applications under the measure ‘Support for investments in agricultural holdings’ – from 01.03.2016 till 29.04.2016;

• • collection period for applications under the measure ‘Support for investments in agricultural product processing, marketing and (or) development’ – from 01.06.2016 till 31.06.2016;

• • collection period for applications under the measure ‘Support for young farmers establishment’ – from 01.07.2016 till 29.07.2016;

• • collection period for applications under the measure ‘Support for starting economic activity in rural areas’ – from 04.07.2016 to 31.08.2016;

• collection period for applications under the measure ‘Support for investments in economic activity and development’ – from 01.09.2016 till 31.10.2016.

 Source: Ministry of Agriculture