Home
Estonia
Latvia
Lithuania
Business
Opinion
Analysis
Entertainment
 E-mail this article   Print this article   Comment this article   

Drug companies embroiled in tax row

Aug 22, 2007
By Kimberly Kweder

LAX TAX: The Lithuanian government is concerned that it is not getting its full share from pharmaceutical sales; estimates are that the state is losing as much as 29 million euros per year.
VILNIUS - International pharmaceutical companies operating in Lithuania have become involved in a dispute with the State Tax Inspectorate after the latter accused them of tax evasion and demanded they pay up. The controversy stems from an audit of the activities, since 2005, of several pharmaceutical companies operating in the country. The audit concluded that some Lithuanian branches of international pharmaceutical dealers, whose activities are purportedly limited to marketing, ...

The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you do not have a membership yet - please subscribe
SOCIAL BOOKMARKS:   Delicious   Digg   Reddit   Ask   Facebook   MrWong   Netvouz
 SUBSCRIBERS AREA
 SUBSCRIPTION
The Baltic Times is a cost-effective way of staying in touch with the latest Baltic news and views, enabling you full access from anywhere with an Internet connection.




 MORE NEWS
  • Lietuva in brief...
    MP Dangute Mikutiene has requested a detailed analysis on the effects of mobile phone...
  • Investigating the CIA prison i...
    VILNIUS - On Nov. 5, the Lithuanian parliament voted in favor of an investigation int...
  • Kaunas’ most colorful son buri...
    VILNIUS - On Nov. 5, Shabtai Kalmanovich was buried near the graves of his mother and...
  • MATERIAL LIABILITY OF AN EMPLO...
    ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontora Pylimo g. 6, Vilnius ...
  • Lietuva in brief...
    One out of ten Lithuanian residents is unemployed, reports ELTA. The government sa...
  • The National Accord signed...
    VILNIUS - Oct. 28, 2009 was a historic day of the “watershed agreement” for Lithua...
  • Riga Apartments for Rent
    CityPaper - your travel guide

    © 2009 BALTIC NEWS LTD. All Rights Reserved.
    DEVELOPED BY Your Web Solution