On 30 June 2023, the tax Authority of Lithuania issued a supplementary clarification “on the calculation of the temporary solidarity contribution” and additionally provides an explanation regarding the law on the temporary solidarity contribution.
The clarification provides a detailed overview of the different categories of credit agreements that are subject to the temporary solidarity contribution. It first explains which types of credit agreements are included in the scope of the contribution, and then it discusses how the net income from credit agreements within the scope is compared in order to determine the amount of the contribution. This comparison is essential for ensuring that all credit institutions are treated fairly and that the contribution is used in a way that is most beneficial to the Lithuanian economy.
