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Lithuania Tax Exempt Income













Some forms of income in Lithuania are tax-exempt as follows:
  • Proceeds from the sale of a residential apartment held for at least two years.
  • Sale of real estate used for individual activities held for at least 5 years, subject to terms.
  • Sale of shares held for more than one year, subject to terms.
  • Annual employment income of up to LT 6,840 is tax exempt.
    There is no exemption if annual income exceeds LT 38,308..
  • Compensation received as a result of a decision of a Court in respect of damage to property or to the person.
  • Prizes received in competitions.
  • Benefits received from an insurance company.
  • Revenue received from the heirs of an employee from the place of employment on the death of the employee as well as payments because of natural disasters.
  • Receipts from National Insurance paid by the State.

Lithuania Tax Relief

  • In Lithuania, all forms of tax relief are applicable to an individual, subject to the definitions in the Lithuanian law.
  • An employee is entitled to a tax deduction for payment to a pension fund, subject to the fact that the employee's contributions do not exceed 25% of his annual salary.
  • Interest on housing loans, for loan received befire 1.1.2009.







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