Lithuania - Company tax
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The company tax rate for Lithuania is 15%.
A 5% reduced rate may be offered to micro companies (up to 10 employees and EUR 300 000 in income per tax period).
When you set up your business entity, you should ensure that you do the following:
- Register for company tax
- Prepare a company tax return
- Pay company tax by your deadline The tax period (fiscal year) normally coincides with a calendar year. Depending on the type of business activity undertaken, you may be able to request that the authorities set your 12-month tax period outside the cycle of a calendar year.
- File your company tax return by your deadline You must submit your annual corporate income tax return and/or fixed corporate income tax return no later than until the 1st day of the sixth month of the next taxable period. If it is your last tax return, i.e. you are closing your business, you must submit the tax return within 30 days after the end of operations.
What profits do you pay company tax on?
Taxable profits include the money your company or association makes from:
- Doing business
- Selling assets for more than they cost (chargeable gains)
If your company is based in Lithuania, it pays company tax on all its profits from Lithuania and abroad.
If your company isn't based in Lithuania but has an office or branch there, it only pays company tax on its profits from its activities in Lithuania.
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