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Main taxations and parameters in Lithuania according to the law

Data updated on October 2010.

Main taxations in Lithuania according to the law are listed below. The list doesn`t include all possible taxations.

Target

Option

Taxation

Taxable income of the company Payer - the company. Fiscal year revenue is less than 144,810.00 Euros.

5%

  Payer - the company. Fiscal year revenue is equal or more than 144,810.00 Euros.

15%

Cover (public fund) Payer - the company. Taxable sum - the sallary of the employees. 

 0.1%

Social security Payer - the company. Taxable sum - the sallary of the employees.

 30.98%

  Payer - the employees. Taxable sum - the sallary of the employees.

 9%

The sallary of the employees Payer - the employees. Taxable sum - the sallary of the employees minus the non-taxable value (from 136 to 0 Euros).

15%

 

Main parameters in Lithuania according to the law are listed below. The list doesn`t include all possible parameters.

Target

Option

Size

The sallary of the employees Minimal sallary of the employee per month (full-time work; 170 work hours on average per month).

232 Euros

  Minimal sallary of the employee per hour (work by the hours).

1.40 Euros

  Non-taxable value (is not applied for social security taxes); depends on salary size.

from 136 to 0 Euros

Value-added tax (VAT) General VAT.

21%

  Reduced VAT for books (only for year 2010)

 9%

  VAT for insurance, universal postal, social, educational services (with exceptions).

0%

  Export VAT.

0%

  Import VAT.

0 - 21%

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