The amendment specifically revises Article 381, paragraph 5, which governs the eligibility and application of this alternative corporate tax method.
The Ministry of Transport and Communications of Lithuania published an amendment to its Corporate Profit Tax Law (NR. IX‑675) extending the fixed-rate profit taxation scheme, known as the tonnage tax system, for shipping companies on 20 October 2025.
The amendment specifically revises Article 381, paragraph 5, which governs the eligibility and application of this alternative corporate tax method.
Shipping entities opting for the fixed-rate scheme must notify the local tax administrator of their choice no later than the last day of the first quarter of the initial taxable period.
The tonnage tax system allows qualifying shipping companies to calculate corporate tax based on the tonnage, or carrying capacity, of their vessels rather than on actual profits, providing a simplified taxation method for the maritime sector. The extension ensures that eligible shipping companies can continue to apply this fixed-rate system until 31 December 2036.
The amendments are set to take effect on 1 January 2027.
