On 18 December 2019, Lithuanian lawmakers passed higher corporate tax for banks from January 2020. Higher corporate tax rate of 20% will apply to bank profit exceeding 2 million euros. Banks, like other legal entities in Lithuania, are now taxed at a 15% rate.
Related Posts

Lithuania: STI issues guidance on 2027 excise duty rates
Lithuania’s tax authority, the State Tax Inspectorate (STI), which operates under the Ministry of Finance, has issued
Read More
Lithuania: STI updates personal income tax rules for individual activities
Lithuania’s tax authority (STI) has updated its commentary on Article 18² of the Law on Personal Income Tax on 15
Read More
Lithuania: STI clarifies domestic VAT obligations for cross-border businesses
Lithuania’s State Tax Inspectorate (STI) has clarified that businesses required to register for VAT because of
Read More
Lithuania: VMI proposes wider participation exemption for foreign corporate interests
Lithuania's State Tax Inspectorate (VMI) has published a comparative draft document on its draft commentary page. It
Read More
Lithuania: STI consults on extending participation exemption to foreign company interests
Lithuania's State Tax Inspectorate has initiated a consultation on 2 October 2026 by publishing the draft, which covers
Read More
Lithuania consults draft commentary on 2026 personal income tax rules
Lithuania's State Tax Inspectorate published draft commentary on 28 September 2026 explaining the personal income tax
Read More