Advice regarding the Controlled Foreign Company (CFC) regime

Our team has advised an international company regarding the Controlled Foreign Company (CFC) regime in Lithuania. An international company, which has a subsidiary in Lithuania, needed advice on the interpretation by the Lithuanian Tax Authorities of a parent company ‒ a partnership, which is transparent for tax purposes. The advice included answers based on national law as well as an indication of possible legal problems with regards to recent international trends in combating hybrid mismatch arrangements.

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