Lithuanian gov’t among first in EU releasing ICO guidelines

The Lithuanian Finance Ministry has released the comprehensive guidelines for ICO amid the country’s efforts to become a location for ICO projects. The guidelines cover regulatory, corporate, indirect taxation, accounting and anti-money laundering aspects for ICO projects. The document also describes which funds raised through ICOs are subject to corporate or personal income taxes, value added tax. The ministry hopes the guidelines on how Lithuania treats businesses raising funds through ICO projects, would attract investors and entrepreneurs to the Baltic country.

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