The Republic of Lithuania implements a business-friendly taxation policy, and the taxation system is adapted to the legislation of the European Union. Since 1990, the Lithuania's taxation system has drastically changed to support foreign investments and labour market development.

Taxes and other payments are collected to the budget based on the order by the Supreme Council; however, regional and city councils act separately in matters of tax collection. In Lithuania, basic principles of tax payment and their regulation is governed by the Law on Tax Administration stipulating the rights and

Dive into the timeless debate of job vs. business with this comprehensive guide by Narayana Business School. Explore the advantages and challenges of both career paths, from financial stability and growth potential to risks and rewards. Discover insights into how personal goals, risk tolerance, and career aspirations influence the decision between the security of a job and the independence of entrepreneurship. Perfect for professionals seeking clarity and aspiring entrepreneurs aiming to make informed choices, this guide empowers you to align your career with your vision for success.