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Loreta Antanaitienė
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Loreta Antanaitienė

Tax Expert
Vilnius, Lithuania

One of the most influential and prominent international legal directory Chambers and Partners, publishing annual independent rankings of law firms, recommend Loreta as an excellent professional in the field of tax law

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  • About

    Loreta Antanaitienė is an expert in tax audits and tax disputes having over 25 years of experience in taxation. Before joining the law firm Loreta worked at the Vilnius County State Tax Authority for 14 years in audit, tax advise to tax inspectors and organising control measures sections, where she held management positions. Loreta helps clients in complex tax situations and advises on both corporate direct and indirect taxes, as well as private tax matters. Loreta Antanaitienė is capital markets‘ and investments‘ taxation expert, she has provided tax services to European Investment Bank and other clients.

  • Major Projects
    • 13.10.2023

      TGS Baltic advised Hawesko on entering into a strategic partnership with the Dunker Group

      TGS Baltic represented the stock exchange listed premium wines trading group Hawesko who is entering into a strategic partnership with the Dunker Group, the leading wine and spirits wholesale trading group in the Baltics, and in this context is acquiring 50 percent of the shares in Dunker Group OÜ. 

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    • 10.01.2022

      TGS Baltic advised InMedica on acquiring a plastic surgery centre in Kaunas

      We advised the chain of medical clinics InMedica on the acquisition of a private Saulius Vikšraitis' Plastic Surgery Center in Kaunas, which provides plastic and reconstructive surgery services.

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    • 17.12.2021

      TGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares

      We advised Konstantinas Karosas and Western Petroleum Limited, the shareholders of Medicinos bankas on the sale of 100% of the bank’s shares to the purchaser AAA Capital.

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    • 27.10.2021

      TGS Baltic advised Audimas, Lithuanian sports clothing manufacturer, on business separation and establishing a real estate management company  

      We advised Audimas, Lithuanian sportswear and outdoor clothing manufacturer, on separating manufacturing and trading companies and establishing a real estate management company.

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    • 16.09.2021

      TGS Baltic advised UAB Valstybės investicinis kapitalas, which invests into the Lithuanian Aid for Business Fund, in approval of EUR 400 million state-guaranteed note program and placement of the inaugural EUR 30 million issue

      TGS Baltic is proud at having had the opportunity to contribute to the successful approval of EUR 400 million state-guaranteed note program of UAB Valstybės investicinis kapitalas, a limited partner of the Lithuanian Aid for Business Fund, and placement of the inaugural EUR 30 million issue under the program. This is the first issue of corporate notes with a state guarantee in the Baltic States.

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    • 13.07.2021

      TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 750 million Eurobond issue

      We advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing a Eurobond issue worth EUR 750 million for a period of 30 years. This issue will bear 0.75% annual interest.

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    • 28.05.2021

      TGS Baltic advised Akropolis Group on EUR 300 million Eurobond issue

      We advised Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic States, on EUR 300 million Eurobond issue.

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    • 02.10.2020

      TGS Batic advised The Bank of New York Mellon on the largest-ever IPO in the Baltics by Ignitis Group

      TGS Baltic advised The Bank of New York Mellon on implementing AB Ignitis grupė’s initial public offering (IPO) of shares and global depositary receipts representing the shares (GDR), including admitting to trading in GDR on the London Stock Exchange.

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    • 21.05.2020

      TGS Baltic advised Ignitis group on the approval of the renewed EUR 1.5 billion bond program and making an issue of EUR 300 million according to it

      TGS Baltic advised Ignitis group on the approval of the renewed EUR 1.5 billion medium-term debt securities program and bond issuance of EUR 300 million according to the programme.

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    • 04.05.2020

      TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in issuance of two issues of Eurobonds for a record amount of EUR 2 billion

      TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing two issues of Eurobonds for the total value of EUR 2 billion.

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    • Advised Kimberly Clark on tax issues in Lithuania, Latvia and Estonia

      Advised Kimberly Clark, a global personal care products producer, on tax issues in Lithuania, Latvia, and Estonia in expanding the company’s activities in the Baltic States.

    • Represented AB Klaipedos nafta in a dispute with a third-party service provider

      Represented AB Klaipedos nafta, the manager of a modern oil terminal and EUR 700 million LNG terminal development project, in a dispute with a third-party service provider regarding cross-border VAT issues.

    • Provided tax consultations to of one of Japan’s biggest banks

      Provided tax consultations in relation to the incorporation of a permanent establishment of one of Japan’s biggest banks.

    • Advised a Lithuanian group of food production companies

      Advised a Lithuanian group of food production companies on tax aspects in transforming the group structure.

    • Provided tax consultations to a bankrupt bank

      Provided tax consultations to a bankrupt bank on transferring its loans and other assets.

    • Advised a company belonging to the group of international cable and digital television operators

      Advised a company belonging to the group of international cable and digital television operators on the group structure when introducing a new type of business in Lithuania.

    • Provided tax consultations to a Scandinavian bank operating in Lithuania

      Provided tax consultations to a Scandinavian bank operating in Lithuania in acquiring other bank’s retail banking business (personal accounts, loans, payment cards and securities).

    • Advised an international financial leasing company

      Advised an international financial leasing company on tax aspects in leasing equipment necessary for air transport business.

    • Advised the European Investment Bank

      Advised the European Investment Bank on new VAT regulation applied to the Lithuania building sector.

  • CV

    Professional career

    Since 2017
    Tax Consultant, associate advocate, law firm TGS Baltic
    2011 – 2017
    Tax Consultant, law firm Tark Grunte Sutkienė
    2006 – 2011
    Head, Control Organization Division at the Vilnius County State Tax Inspectorate
    2002 – 2006
    Deputy Head, Infringement Assessment Division at the Vilnius County State Tax Inspectorate
    1999 – 2002
    Head of the Audit Lawyers Group at the Vilnius County State Tax Inspectorate
    1997 – 1999
    Associate at the Vilnius County State Tax Inspectorate, Audit Division

    Education

    1995
    Vilnius University, Faculty of Law, Master of Law
  • Publications
    • Inflation is rising: tips for contracts and taxes
    • Court has allowed a resident to deduct interest - Verslo žinios, July 2018
    • Ministry of Finance has withdrawn a proposal for restriction of a share incentive - Verslo žinios, October 2017
    • Window for arrangements with the State Tax Inspectorate has been shut down - Verslo žinios, August 2017
    • Surprise: Incentive for shares paid up by assets is excluded - Verslo žinios, September 2017
    • Increase in land value will increase land taxes - Lietuvos rytas, February 2017
    • State Tax Inspectorate asks to justify revenues but not expenses - Verslo žinios, August 2015
    • State Tax Inspectorate has allowed using a zero VAT rate more often - Verslo žinios, July 2014
    • Non-accepted goods are subject to a 21% VAT rate - Verslo žinios, August 2013
    • Either a bigger bonus to a pension fund of a smaller one to the bank account - Verslo zinios, 2019