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ELECTRONIC CONSIGNMENT NOTES: WILL IT BE EASIER FOR THE BUSINESS IN LITHUANIA?

Smart taxes administrative system (later – i.MAS) is a huge joint project of State Tax Inspectorate Under the Ministry of Finance of the Republic of Lithuania (later – STI) and Ministry of Finance of the Republic of Lithuania.

One of the main aims  of this project is to increase the effectiveness of administrative system as a whole and to reduce the burden that devolves on the shoulders of taxpayer. Is this project going to be so attractive to business, will we be able to announce the world that here in Lithuania we have great business environment? Will the foreign capital flow to our country because here we have perfect conditions for the business growth? These questions sound more like philosophical ones because we can already state that the “great” conditions for business that Lithuania has hardly can be found in any other Member State. 

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