On 23 April 2019, Lithuania's State Tax Inspectorate published guidance on the real estate tax (NTM). The guidance provides an overview of the object of NTM, the valuation of real estate, the NTM rates, NTM calculation, payment and declaration, and NTM relief.  

For legal entities, NTM generally applies where real estate is owned or is available for use (leased) for an indefinite pe…