Bureau of experienced people

Taxes in Lithuania

Laws of the Republic of Lithuania provide for 25 taxes. Principal taxes are the following:

2012

Object of the tax	Tax and rate	Term of payment
Profits	Corporate income tax: 15% or 5%¹	Yearly In case of advance payment of Corporate income tax – quarterly
Dividends	If natural person receives dividends: Personal income tax: 20%	Within the month of payment of dividends
	If legal person receives dividends: Corporate income tax: 15%²	Within the following month after payment of dividends

Wage	Personal income tax: 15% (employee is a taxpayer³)	Monthly
	Compulsory health insurance contributions: 3% (employer is a tax payer) 6% (employee is a taxpayer³)	Monthly
	State social insurance contributions: 27.98% (employer is a taxpayer 3% (employee is a taxpayer³)	Monthly
	Contributions to the Guarantee Fund: 0.1% (employer is a taxpayer)	Monthly
Goods services supplied	Value added tax: 21%	Monthly
Immovable property	Immovable property tax: 0,3%-1% (specific rate is established by a municipal)	Yearly In case of advance payment of Immovable property tax – quarterly

¹If average number of employees on the staff list does not exceed 10 and income during the tax period does not exceed LTL 1 000 000, a rate of 5% shall be imposed.
²The tax shall not be paid, if the recipient legal person controls at least 10% of shares for a period of at least 12 months
³Employer must calculate, declare and pay the tax.

Taxes in Lithuania

2012

Object of the tax

Tax and rate

Term of payment

Additional info