Search results : 98

On 13 June 2013, the Seimas, the Parliament of the Republic of Lithuania, approved the amendment to the Law on Corporate Income Tax. The amendment intends to create incentives for investment in Lithuanian film production and will come into force once it is signed by the President of the Republic of Lithuania, which is expected to happen within the next four weeks. The amendment envisages that the expenses of the Lithuanian film industry are deductible for Lithuanian corporate income tax purposes up to a level of 75 % of the amount. Hence, the amendment introduces the possibility of reducing the...

On 1 January 2013 the Amendment of Article 47 of the Act on Provision of Information to the Public came into force. It was adopted by the Seimas (Parliament) on 14 June 2012 and provides for the reformation of the Lietuvos radijo ir televizijos komisija (Radio and Television Commission of Lithuania - LRTK). The new provisions change the principles of the formation of the LRTK, define the requirements for the members, the rules for their designation, and the conditions for expiry of the member’s powers before the designated term. They also determine the LRTK’s financing. The number of members has...

On 18 April 2012 the Government of the Republic of Lithuania adopted a Resolution by which it approved the formation of the Lithuanian Film Centre under the auspices of the Ministry of Culture. The Lithuanian Film Centre will be established following the revised Law on Cinema of 22 December 2011, which will come into force on 1 May 2012 (see IRIS 2012-2/29). The main aims of the activities of the Lithuanian Film Centre will be to form an effective State film policy and to foster long-term development and competitiveness in the Lithuanian cinema sector. The Lithuanian Film Centre will perform the...

On 21 December 2011 the Seimas (Lithuanian Parliament) adopted some amendments to the Law on Copyright and Related Rights. The main part of these amendments relates to the regulation of the determination, pay out and distribution of the remuneration to copyright and related rightsholders for the reproduction of audiovisual works or phonograms for private use. The amendments to remuneration came into force on 1 March 2012. The amendments determine that remuneration shall be paid for reproduction devices and empty audiovisual data storage devices produced in the Republic of Lithuania or imported...

On 22 December 2011 the Seimas (Lithuanian Parliament) adopted a new Act on Cinema. The draft law was prepared by the Ministry of Culture in cooperation with the Union of Lithuanian Cinematographers and the Association of Independent Producers. The new Law determines the basis for State regulation and financing of Lithuanian cinema, the protection of its heritage and the rules for film distribution and presentation in cinemas. It aims at distinguishing between the State policy forming function and the implementation function in the cinema sector. The Law foresees that the State policy forming function...