Taxes in Lithuania
Major Business Taxes
Lithuania has an attractive tax system, characterized by low and flat taxes. Both private and corporate incomes are taxed at flat rates.
| Tax, percent |
Lithuania |
Latvia |
Poland |
Sweden |
UK |
USA |
| Corporate profit tax |
15 |
15 |
19 |
26.3 |
26 until 31 March 2012;
25 starting from 1 April 2012 |
15-39 |
| VAT |
21 |
22 |
23 |
25 |
20 |
- |
| Dividends* |
0-15 |
0-10 |
0-19 |
30 |
0 |
Up to 30 |
| Personal income tax |
15 |
25 |
18-32
(progressive) |
31-57
(progressive) |
20-50
(progressive) |
10-35
(progressive) |
Employee's social
security tax** |
9 |
11 |
13.71 |
7 |
Up to 14 |
5.65 until 30 December 2012;
6.55 starting from 31 December 2012 |
Social security tax
paid by the employer |
30.98-31.7 |
24.09 |
Up to 20.48 |
31.4 |
13.8 |
7.65 |
| Real estate tax |
0.3-1 |
1.5 |
***Up to PLN 0.80
per m2 of a land plot;
up to PLN 21.05 per m2 of a building |
0.2-2.8 |
Business rates are set annually by local authorities |
The tax is imposed by the local governments |
*Dividends may be exempt, if certain conditions are met.
**Standard rate, which in some countries may vary depending on the amount of salary.
***Fixed tariff.
Source: PricewaterhouseCoopers UAB, www.pwc.com/lt
Money-back guarantee
Long-term experience accumulated our experts are fully responsible for their quality of work and results. Good relationship with the Department of Immigration, Tax Inspectorate, the Social Insurance Inspectorate, Centre of Registers and other state and non-state institutions helps to ensure the highest quality services.
We do not operate in automatic machine principle and look deeper into the needs of each client. Whether it is business acquisitions, advice on migration, finance, accounting, or other issues - this is a unique process.
Only in this way we can ensure the highest quality services. Therefore, we provide our clients 100% money back guarantee if due to our fault you do not receive a temporary residence permit. We also guarantee that the company You will purchase has no debts or other liabilities. Our accounting services are insured, so if fees are wrong calculated, we or our insurance company will cover all losses.
RESIDENCE PERMIT
Process time for a temporary residence permit for each country depends on that country's laws. Usually it takes 2-6 months. If you have additional questions, the Migration Department may extend length of the proceeding up to 3 months. The answer may be a negative if the client:
- Was deported;
- Punished for crime;
- Has records in the police department;
- Other negative entries of personal biography;
- The information about the client is false, untrue;
- Going to false immigration.
If it turns out that the negative response to the temporary residence permit is due to one of these reasons, we will not return your money.
If the client has a clean biography and correct data about him/her, but due to our fault do not receive a temporary residence permit, in this case within 30 days we will return 100% of his/her money and will not ask for any compensation concerning experienced costs.
Business acquisitions and start-up
All of our sales companies do not have any debts or obligations. If you buy a new company (without any history), the company has absolutely no bookkeeping records. If you are going to buy an existing company with a history of activity, in this case you will provide the company financial reports and you will be able to assess the Company's status. If after the acquisition of the company, there would be unforeseen events and it would be our fault, we will take all the responsibility on ourselves.
Accountancy services and consultations
We take full responsibility for the provision of accounting services. Our accountants have many years of experience, good skills in preparing various reports to the state institutions; also we provide representation during an inspection. We look very responsibly to our work that is why we insured our employees from the possible errors, so if fees are calculated wrongly, we or the insurance company will compensate them.
