• Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/19/2013

Lithuania - Tax changes affecting foreign entity income, share transfers 

July 19:  Corporate income tax changes in Lithuania, effective in 2014, concern:
  • Foreign entity income based in Lithuania
  • Exemption of income from the transfer of shares
  • Extension of ongoing investment project; addition of “long-term” to list of assets
  • Deadlines for payment of income tax
  • Reduction of taxable income and income tax rate for funds provided for movie production

Other tax law changes affect individual taxpayers (e.g., increased limits for tax-free income, reduced tax rate on dividends, measures concerning taxation of permanent and non -permanent residents, and interest tax at a rate of 15%) and excise taxes (e.g., excise taxes on tobacco and alcohol).

Read a July 2013 report (English) [PDF 167 KB] (or Lithuanian [PDF 161 KB]) prepared by the KPMG member firm in Lithuania: Tax, legal and accounting newsletter (July 2013)

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