Lithuanian tax residents are subject to personal income tax based on their worldwide income. The taxable period in Lithuania is a calendar year, 1st of May of the following calendar year being the deadline for a Lithuanian tax resident to submit their annual personal income tax return and report all received income to the tax authorities.
Standard personal income tax rate in Lithuania is 15%, however, for certain types of incomes, different tax rates and tax calculation rules apply.
Non-tax residents are subject to tax in Lithuania based on the type of income they receive locally: dividends from Lithuanian companies, interest, real estate income, salary for employment which takes place in the territory of Lithuania, etc. These are subject to 15% or 10% withholding tax depending on the income type.
Withholding tax rate might be reduced by treaties for avoidance of double taxation.
United Arab Emirates
Nomad Advisory FZCO
Dubai Silicon Oasis, DDP
Building A2
Dubai, United Arab Emirates
+971 56 591 0692
[email protected]
Lithuania
UAB Nomad Law
J. Basanaviciaus str. 26
LT-03224
Vilnius, Lithuania
+370 686 24426
[email protected]
All rights reserved © 2023 Nomad Law