Lithuania: Domestic Corporate Taxation
Sales Taxes and Vat
The standard VAT rate is 21% , with a reduced rate of 9% for construction, renovation and insulation of residential houses, pharmaceuticals, and books and newspapers. Exports and associated services are zero-rated.
Supplies of goods and services within Lithuania and imports of goods are subject to VAT. Exemptions without credit include health, education, postage, broadcasting, gambling, residential letting, insurance and financial services. There is an option to tax applicable to the sale or letting of immoveable property or the provision of some financial services.
Excise taxes apply to alcohol, tobacco, fuel and electric power. There are environmental taxes on pollutants discharged into the environment, a few specified products (e.g. tyres, batteries) and all kinds of filled package. A tax is payable on the value of extracted natural resources.