I Introduction
We thank you for the trust placed in our services and our Team. We suggest you read this article which may be of interest to you if you are planning to set up a company in Lithuania.
You will mainly find the following resources:
- The presentation of our services
- How are companies in Lithuania taxed?
- What are the tax advantages offered to companies in Lithuania?
- How can companies in Lithuania reduce their taxes?
- What are the deadlines and procedures for paying corporate taxes in Lithuania?
- What are the tax challenges faced by Lithuanian companies
- The advantages of using FIDULINK services from registration to the development of your company in Lithuania
II. Presentation of FIDULINK Services
The whole FIDULINK team, thank you for having thought of us to present the taxes for information only [may change according to the evolution]. We confirm that we can support you in the tax management of your company registered in Lithuania, through the annual follow-up of your accounts for your company registered in Lithuania and its start-up.
Here is a brief summary of the history and areas of expertise of the FIDULINK study.
The main objective of our Consulting firm in Lithuania [Experts, lawyers, accountants] is to create a solid relationship with our clients and provide a unique service in terms of quality and speed. We are constantly looking to improve the experience of our customers.
Excellence in support within everyone's reach, to enable everyone to achieve their full potential through their professional project.
Our consulting firm in Lithuania specializes in company formation, accounting monitoring as well as administrative support and development in Lithuania for entrepreneurs from all over the world. With our experience of more than 14 years of company creation services, we facilitate the life of entrepreneurs, offer effective and fast professional care in various commercial and financial operations for local and foreign companies. We can also provide legal assistance to our clients for the development and implementation of new business in Lithuania.
III. Objectives of this article for support with FIDULINK
We understand that you need Lithuanian corporate tax advice and legal support to achieve the following goals:
In this article you will find explanations about the taxes for your company that will be registered in Lithuania
IV. How are companies in Lithuania taxed?
In Lithuania, companies are taxed according to the corporate tax system.
Lithuanian companies are taxed on their profits taxable at a rate of 15%.
Companies registered in Lithuania that carry out taxable profits below EUR 40 are taxed at a reduced rate of 5%.
Companies incorporated in Lithuania that carry out taxable profits over EUR 40 are taxed at a rate of 15%.
Companies in Lithuania that carry out taxable profits over EUR 200 are taxed at a rate of 20%.
Companies registered in Lithuania that carry out taxable profits above EUR 1 are taxed at a rate of 21%.
Lithuanian companies are also subject to a payroll tax, which is calculated on the basis of wages paid to employees. The payroll tax is 15%.
Companies registered in Lithuania are also subject to a tax on distributed profits, which is calculated on the basis of dividends paid to shareholders. The tax on distributed profits is 15%.
Lithuanian companies are also subject to a transaction tax, which is calculated on the basis of transactions made by the company. The transaction tax is 0,1%.
Companies registered in Lithuania are also subject to a service tax, which is calculated on the basis of the services provided by the company. The service tax is 0,2%.
Lithuanian companies that carry out taxable profits above EUR 2 are taxed at a rate of 22%.
Companies in Lithuania that carry out taxable profits above EUR 3 are taxed at a rate of 23%.
V. What are the tax advantages offered to companies in Lithuania?
In Lithuania, companies can benefit from several tax advantages.
Lithuanian companies can benefit from a corporate income tax rate of 15%, who is one of the lowest in Europe.
Companies registered in Lithuania can also benefit from a dividend tax rate de 5%, which is very advantageous for companies that distribute dividends.
Lithuanian companies can also benefit from a 0% capital gains tax rate, which is very advantageous for Lithuanian companies that realize capital gains.
In addition, companies in Lithuania can benefit from a tax rate on reinvested earnings of 0%, which is very advantageous for companies registered in Lithuania that reinvest their profits.
Finally, companies registered in Lithuania can benefit from a tax rate on 0% export profit, which is very advantageous for companies registered in Lithuania that export their products.
V. How can companies in Lithuania reduce their taxes?
Companies in Lithuania can reduce their taxes by implementing appropriate tax strategies.
The first step is to understand the applicable tax laws and ensure that the company is in compliance with them.
Lithuanian companies can also benefit from various tax exemptions as well as tax reductions offered by the Lithuanian government.
For example, companies registered in Lithuania can benefit from a corporate income tax reduction 15% for profits reinvested in the business.
Lithuanian companies can also benefit from a tax exemption on dividends and interest.
Additionally, companies registered in Lithuania can benefit from a tax exemption on profits reinvested in research and development projects.
Finally, companies registered in Lithuania can benefit from a tax exemption on profits reinvested in long-term investment projects.
VI. What are the deadlines and procedures for paying corporate taxes in Lithuania?
In Lithuania, companies are required to pay their taxes on specific dates and according to specific procedures.
Lithuanian companies must pay their taxes at the end of the month following the end of the accounting year. Companies registered in Lithuania must submit their tax declarations and tax payments to the Lithuanian Tax Administration.
Companies in Lithuania can pay their taxes by bank transfer, check or credit card.
Companies incorporated in Lithuania must also provide additional information to the Lithuanian Tax Administration, such as information about their activities and income.
Companies domiciled in Lithuania must also provide information on their employees and expenses.
Lithuanian companies must pay their taxes to the Lithuanian Tax Administration before the deadline set by law.
Companies registered in Lithuania that do not pay their taxes on time are subject to fines and penalties.
Companies incorporated in Lithuania that do not pay their taxes on time may also be subject to legal action. Companies registered in Lithuania that do not pay their taxes on time may also be subject to administrative sanctions. Companies registered in Lithuania that do not pay their taxes on time may also be subject to criminal penalties.
VII. What are the advantages of passing the LegalTech FIDULINK?
Team Fidulink offers a variety of benefits for entrepreneurs who wish to set up their own company in Lithuania. The main advantages are:
– Full assistance for the creation and management of your company in Lithuania. Fidulink Consultants help you navigate the process of developing your company in Lithuania and ensure that all stages are taken into account. We take care of everything, for your peace of mind. Our specialists guide you to obtain the best tax management solutions by informing you about the changes, the current taxes… You will be surrounded by experts, lawyers, accountants according to your needs.
– Tools and resources to help you manage your company in Lithuania. Fidulink consultants offer tools and resources to help you manage your business, understand laws and regulations, and find clients.
– Advice and knowledge on taxes to help you make informed decisions for your company in Lithuania. Fidulink Consultants offer advice and knowledge to help you make informed decisions and ensure your business is on the right track.
– Support services to help you manage your company in Lithuania. Fidulink Consultants offers support services to help you manage your company tax-wise and ensure that you are always up to date with the latest information and best practices.
VIII. Contact our experts now to find out about our services for companies in Lithuania
You can contact us via WhatsApp and Telegram or our internal support by going to our website homepage www.fidulink.com.
You can contact us by email: info@fidulink.com
All our contacts are present on our home page of our website. We invite you to visit it. We would love to hear from you, regarding your custom project in Lithuania.
We are at your disposal to answer all your questions and help you set up your company in Lithuania. Do not hesitate to contact us if you need help.
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