Tax Rate on Dividends in Lithuania

The standard tax rate on dividends for a tax resident of Lithuania is 15%. However, the legislation provides for benefits. Lithuania is a country where the principles of avoidance of double taxation are applied. Therefore, if one company owns at least 10% of the shares of another company registered in the Eurozone for more than a year, then the profit from the subsidiary is not taxed. Of course, if the parent company has fully paid taxes in Lithuania.