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Lithuania New V.A.T. Rate October 2009 From September 1, 2009 the standard V.A.T. rate in Lithuania increased to 21%, compared to the previous 19% rate. Lithuania Tax Rates 2009 February 2009 From 1.1.2009 there are some significant tax changes compared to 2008. The Lithuanian corporate tax rate in 2009 is 20%, compared to 15% in 2008. The personal income tax rate is 15%, except for dividend income which is taxed at 20%. Many tax exemptions for individuals have been cancelled or reduced. The standard VAT rate in 2009 is 19%, compared to the previous 18% rate. The previous reduced VAT rates of 9% and 5% are abolished. Lithuania Tax Rates 2008 February 2008 In 2008 the flat tax rate for labor income of individuals is 24%, compared to 27% in 2007. The corporate tax rate is 15%. The standard VAT rate in Lithuania is 18%. there are also reduced VAT rates of 9% and 5%. Lithuania Income Tax 2006 July 2006 From 1.17.2007 the new tax rate for labor income was reduced from 33% to 27%. The tax rate would be reduced from 1.1.2008 to 24%. From 1.1.2007 interest income from deposits in EU banks would be tax exempt in Lithuania. Lithuania Double Taxation 2006 January 2006 From 1.1.2006 Lithuania has two new double taxation treaties. The new treaties are with Austria and Luxemburg.

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