Corporate Income Tax Rates for the Tax Period of 2010 and Subsequent Tax Periods in the Republic of Lithuania
Jan 20, 2010
By Marius Matiukas, Associate lawyer
ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontora
Corporate Income tax rates for the tax period of 2010 and subsequent tax periods in the Republic of Lithuania drop to the level of 2008.
A 15 percent tax rate shall be imposed on the taxable profits of Lithuanian entities and permanent establishments unless the Law on Corporate Income Tax provides otherwise (20 percent for 2009).
A 20 percent tax rate shall be imposed on income from distributed profits.
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