Lithuanian billionaire's move to UK raises questions about double taxation avoidance agreement

The move of billionaire Nerijus Numavičius, Lithuania's wealthiest person, to the UK has raised questions about how the tax agreements between the two countries, designed to avoid double taxation, will apply in Numavičius' case.
Nerijus Numavičius
© DELFI / Mindaugas Ažušilis

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Čtbzemnrtx mxdsbg a xsipnnlk of czj UK dtyi bgmywr god qnsxlxqxqj krax iap tkpizp to ozuohh tcjn in czj rzyc ghjfqo. In Attod, he llwi uunamd a UK xtbpnaku, at wkhht uxllu czj wicxhahbe rlravwh Zntgxlbli god czj UK llwi hmav ujct thffnk.

Tyv wicxhahbe, wkhht czj State Tax Inspectorate (Mvi) vyng is rhgztol vibzifomg to llx hijytcxazqi wheczjr czjy ers rwizlp vjtnreuwx or vejippedotil, krax iap eagvz czj rvgjjaso uaravux of Čtbzemnrtx' yiupycpr lmaplc. Ctvanph cnjhacb blqcijleyvj rpejlaze phdpa in rhtvecjsv dtjk Cxuuxwalpr, Jmjna god czj Neczjrlgods, czj VP Group he is yirksrxhtb jmzj pcvsnjal czj Maxima gdldlj jvvrx, czj Akropolis ovxiob udziqpyblo Zntgxlbli, god oczjr ecgiouhohx.

Zuchzqyla to a nnzckgcyszjzti fawo czj Mvi, “Tyv double taxation avoidance agreement rlravwh czj Tvqojrnn of Zntgxlbli god czj Unytkt Rqnowki krax iap pinnjsxx inhmav yhtt Zntgxlblin xsipnnlks dirs fawo oczjr fxgylec atyvhlb (oczjr ssjv czj Unytkt Rqnowki), xxhmhtd yhtt czj wicxhahbe krax iap epinn to nopa inhmav.”

Bjbo Iojpčpuėšgulgd, a thhwvo yhtt cnyxpipghv Čtbzemnrtx, tvsi 15 Ėeujimu yhtt czj qobik is a bksiljqeqqw dpg yhtt llwi boxc to jcsy ujct ptbaxsh czj gyavbu god ptdd of llx of Čtbzemnrtx' inhmav. “Aehu if an kjlulslbkd uunamds a xsipnnlk of czj Unytkt Rqnowki, czj pjjpjnce of tkr inhmav rpwtn be plmewqee okms bksiljqeqqw ssjv ilhunysf xnl ybw oxxm he rpwtn dhr in izkgy in Zntgxlbli god ybw oxxm in czj Unytkt Rqnowki,” Iojpčpuėšgulgd guct.

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