Europe, Middle East and Africa Tax Facts 2012 - Crowe Horwath ...

LITHUANIA
INCOME TAX RATES 2012
Individuals
Taxable Income (EUR) Tax Rate (%)
Up to 136, if monthly income doesn’t exceed 869 0
Over 136, if monthly income exceeds 869 15
Companies
Taxable Income (EUR) Tax Rate (%)
On all profi t for commercial organisations 15
On all profi t for small-sized organizations 5
Over 7,240 for non-profi t organisations 15
VALUE ADDED TAX (VAT)
� Standard rate 21%.
� 9% on heating for residential premises until 31 December 2012.
� 5% on pharmaceuticals until 31 December 2012.
CAPITAL GAINS TAX (CGT)
� General income tax rate 15%
� 0% if shares were owned for more than 366 days (or three years for holders of
less than 10%).
� The fi rst EUR 2,320 of gain is exempt.
LOSSES
� Losses, except for the losses incurred on trading in securities and/or derivative
fi nancial instruments, may be carried forward for an unlimited period of time.
� Losses incurred on trading in securities and/or derivative fi nancial instruments can
be carried forward for no more than fi ve consecutive tax periods.
TREATY NETWORK
42 countries.
WITHHOLDING TAX
Dividends: Individuals – 20%
Legal entities – 15% and 0% for holders of 10% and more voting shares
during uninterrupted period of at least 12 months before distribution of the
dividends
Interest: 10% paid for foreign companies only
Royalties: 10% paid for foreign companies only
CONTACT:
Jolanta Janusauskiene
auditas@atskaitomybe.lt
UAB “Atskaitomybe ir auditas”
Kalvariju str. 99a
LT – 08219 Vilnius
Lithuania
Tel: +370 5 273 1250 Fax: +370 5 219 5751
www.crowehorwath.lt
Europe, Middle East and Africa Tax Facts 2012 29
Last updated: May 2012