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.
