| Abstract [eng] |
This master’s thesis examines the legal regulation and taxation of small partnerships, drawing on the legislation of the Republic of Lithuania, its official commentaries, case law and academic literature. The small partnership, as a simplified and flexible legal form, was established with the aim of creating favorable conditions for small businesses. However, the current legal regulation does not always fulfil this purpose - problems arise in both the area of legal regulation and taxation that the existing framework fails to adequately address. The thesis analyses the distinctive features of the legal regulation of small partnerships and the practical problems associated therewith, examines the application of corporate income tax, value added tax and real estate tax to small partnerships, as well as the taxation of small partnership members and employed workers under personal income tax. A comparative analysis with the legal regulation of five European Union member states: Germany, France, the Netherlands, Belgium and Spain allow the distinctive features of the Lithuanian tax model to be assessed in a broader context. The findings of the research reveal that the distinctive nature of the small partnership gives rise to specific taxation problems in each area of tax examined, which the current regulation fails to adequately resolve. It was established that the personal income taxation of small partnership members and self-employed individuals differs depending on the amount of income received. This results in the choice between these business forms being frequently driven by tax motives in practice. |
