Lithuania: International Trade & Investment

The Preamble of the Directive 2004/48/EC on enforcement of intellectual property rights (further on referred to as “Directive”) states that “the protection of intellectual property is an essential element for the success of the internal market.

On 1 December 2005 the new wording of the Law on Public Procurement was proposed.

With respect to the provisions of a EU Directive 2005/19/EC of 17 February 2005 amending Directive 90/434/EEC 1990 on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States, the Corporate Tax Law will be amended, proposing that it shall enter into force from 1 January 2006 and be applicable for calculating taxable profit for the year 2006. Key points of the proposals: