Real Estate tax

The tax on the real estate (except land), registered in the Lithuania, is payable by Lithuanian and foreign legal entities and natural persons, that own or use this real estate.

The annual tax rate is 0.3 – 3 % of the taxable value of the real estate (the exact rate is set by local municipality councils). The tax is calculated on the basis of the taxable value of immovable property. The annual return should be filed and tax must be paid until 15 December of the current year or after the end of calendar year before 1st of February of the following year depending on real estate.