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Question was asked by Omer

Income tax is paid annually from 5 to 15 percent. The reduced profit tax in the amount of 5 percent can be used subject to the following conditions:

  • the company shall have an annual turnover of no more than EUR 300,000 per year,
  • the company is allowed employ no more than 10 employees,
  • shareholders may not hold more than 50 per cent of shares in other Lithuanian companies.

 

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