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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.
- Annual employment income of up to LT 5,640 is tax exempt.
- 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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