Sorainen assisted Vinted, the largest and most successful Lithuanian start-up in recent years, to successfully obtain a ruling from the State Social Insurance Fund Board on the preferential treatment of employee stock options for tax purposes.
Strong argumentation in the inquiry to the State Social Insurance Fund Board led to the authority approving Vinted’s position that the benefit from the stock option issued by the employer’s parent company should be exempted from social insurance contributions.
Vinted is a peer-to-peer marketplace to sell, buy and swap clothes. It has 12 million members and operates in 11 countries. The company is based in Vilnius, Lithuania.
The Sorainen Tax and Customs team drafted the enquiry to the State Social Insurance Fund Board and advised the client on the optimal transaction structure.
The Sorainen team was led by partner Saulė Dagilytė and included senior associates Indrė Ščeponienė and Rasa Mikutienė.