Consignment of Goods (Text in Lithuanian)
Accounting and Fiscal Control (Apskaita ir Kontrole), 1997
8 Pages Posted: 19 Oct 2008 Last revised: 22 Oct 2010
Date Written: November 19, 1997
Abstract
Article describes the nominate Continental Law contract of Consignment ("komisas") and its tax and VAT treatment under Lithuanian law as of 1997.
It describes the institute of Consignment and the law of Commission Agents in a comparative fashion, describing the relationship of the principal, the commission agent, and third parties. It makes the point that the principal obtains no rights under contracts between the agent and third parties, and that the agent is liable on those contracts.
Article has been updated in regard to the later adoption of the 2001 Lithuanian Civil Code.
Article is in the Lithuanian language. Title in orig. "Komisas."
Note: Downloadable document is in Lithuanian.
Keywords: Lithuania, Tax, VAT, Consignment, Commission Agent
JEL Classification: K12, K29
Suggested Citation: Suggested Citation