Which expenses are classified as limited allowable deductions

Some expenses are classified as limited allowable deductions, i.e. there are certain restrictions on deducting such expenses from the generated income. The following expenses are classified as limited allowable deductions: depreciation or amortization of fixed assets; operation of tangible fixed assets; repairs and reconstruction; business trips; advertising and representation; natural losses; taxes; bad debts; expenses for the benefit of employees and their family members; special provisions for credit institutions and insurance undertakings; donations; membership fees, contributions and payments; losses for the tax period; interest. For more detailed information, please see here (only in Lithuanian).