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Tax Convention with Lithuania Agreed in Principle

December 28, 2016

Ministry of Finance

Tax Convention with Lithuania Agreed in Principle

[Provisional translation]

1.   The Government of Japan and the Government of the Republic of Lithuania have agreed in principle on the tax convention between Japan and the Republic of Lithuania.

2.   This draft Convention includes provisions for the purposes of clarifying the scope of taxation in the two countries, eliminating international double taxation and preventing tax evasion and avoidance and is expected to promote further mutual investments and economic exchanges between the two countries.

3.   The Convention will be signed after the necessary internal procedures have been completed by each of the two Governments. Thereafter, the Convention will enter into force after the completion of the approval process on both sides (in the case of Japan, approval by the Diet is necessary).