SUPREME COUNCIL OF THE REPUBLIC OF LITHUANIA                          
                                                                                
                           RESOLUTION                                           
                                                                                
    ON THE ENTRY INTO FORCE OF THE REPUBLIC OF LITHUANIA LAW                    
                      ON SMALL ENTERPRISES                                      
                                                                                
                                                                                
     The Supreme Council of the Republic of Lithuania resolves:                 
     1. To  establish that the Republic of Lithuania Law on Small               
Enterprises shall enter into force on 1 January 1992.                           
                                                                                
     2. To establish that:                                                      
     1)  enterprises  which  may  acquire  the  status  of  small               
enterprise  shall  inform  the  registrar  of  the  register  (of               
enterprises) and  the State  Tax Inspectorate  of the appropriate               
town or district of the acquisition of the status;                              
      2)  for the  period of  three years,  new jobs  created  by               
investments shall  not be  included in  the established  quota of               
employees.                                                                      
                                                                                
     3. To commission the Government of the Republic of Lithuania               
to:                                                                             
     1) prepare  and approve  by  1  January  1992  the  list  of               
activities that  are not  liable to  be stimulated as provided by               
Article 1 of the Law on Small Enterprises;                                      
     2) ensure  that the  Ministry of Finance and the Statistical               
Department prepare  by 1  February 1992 a simplified procedure of               
accounting of and accountability for the productive activities of               
small enterprises.                                                              
                                                                                
     4. To establish that:                                                      
     1) tax reliefs shall be applicable to small enterprises from               
the day of their acquisition of the status of small enterprise;                 
     2) small  enterprises shall  be deprived of the right to tax               
reliefs beginning  with the accounting period (quarter) when they               
loose the status of small enterprise.                                           
                                                                                
Vytautas Landsbergis                                                            
President                                                                       
Supreme Council                                                                 
Republic of Lithuania                                                           
Vilnius                                                                         
20 December 1991                                                                
No. I-2126