Lowtax Network

Back To Top

Lithuania Business, Taxation and Offshore Information

Lithuania is the southernmost and largest of the three Baltic States, lying to the south of Latvia and also bordering on Belarus, Poland and Russia's Kaliningrad enclave. The population of about 2.8 million is mostly of Lithuanian descent. Lithuanian is the official language, and 80% of the population are Roman Catholic.

The president is elected for a five-year term and appoints the ministerial team. The current president is Gitanas Nausėda, who was elected in July 2019.

Like most of the ex-USSR countries, Lithuania has had to cope with privatisation of most of its economy. The country joined the WTO at the same time as joining the EU in 2004. About 68% of the economy is composed of services, with the remainder being industrial. Annual GDP growth rate was at 3.8% in January 2020; growth has been stable since late in 2015. GDP per capita at PPP was US$31,065 in 2018. On 1 January 2015, Lithuania joined the Eurozone, adopting the euro as its sole currency. More »

 

Lithuania Knowledge Base

Lithuania: Country and Foreign Investment
A quick overview of Lithuania - its history, geography, and business advantages.
Lithuania Executive Summary »
Lithuania Geography »
Lithuania History, Population, Language and Culture »
Lithuania Government »
Lithuania Economy and Currency »
Lithuania Entry and Residence »
Lithuania Business Environment »
Lithuania Investment Incentives »

Lithuania: Types Of Company
A look at various types of company in Lithuania, providing options to suit different business needs.
Lithuania Company Introduction »
Lithuania Private Limited Company »
Lithuania Joint Stock Company »
Lithuania Partnership »
Lithuania Branches and Representative Offices »

Lithuania: Tax-Efficient Sectors
These pages examine tax-efficient sectors in Lithuania, in order to identify which business forms have available tax incentives.
Lithuania Tax-Efficient Business Forms »
Lithuania Tax-Privileged Business Sectors »

Lithuania: Law of Offshore
A hub for information about the main laws and statutes affecting offshore and non-resident businesses in Lithuania.
Lithuania Table of Statutes »
Lithuania Law on Free Zones »

Lithuania: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in Lithuania.
Lithuania Scope of Corporate Tax »
Lithuania Corporate Tax Rates »
Lithuania Calculation of Taxable Base »
Lithuania Filing Requirements and Payment of Tax »
Lithuania Withholding Taxes »
Lithuania Value Added Tax »

Lithuania: Personal Taxation
An overview of applicable taxes for individuals in Lithuania.
Lithuania Residence and Liability for Taxation »
Lithuania Rates of Income Tax »
Lithuania Social Security Taxes »
Lithuania Property Taxes »
Lithuania Inheritance and Gift Taxes »

Lithuania: Double Tax Treaties
Treaties and international agreements that Lithuania has in place, to mitigate the effects of double taxation.
Lithuania Tax Treaty Introduction »
Lithuania Treaty Agreements »
Lithuania Other International Agreements »

Lithuania: Related Information
Other useful information pertinent to Lithuania.
Map of Lithuania »