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Lithuania to Increase Individual Income Tax Rates for Dividend and Certain Other Non-Employment Income

29 October 2019

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Proposed Changes

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Lithuania

Bill No. XIIIP-3953 has been submitted in the Lithuanian Parliament, which provides for the amendment of the individual income tax rates for certain non-employment income. This includes an increase in the tax rate on dividend income from 15% to 20% for both resident and non-resident individual shareholders, as well as an increase in the rate from 15% to 20% for other non-employment income including income from the sale of property, rental of property, royalties, gambling winnings, prizes, etc. The bill also includes specific measures to maintain the preferential 5% rate for income from the sale or other disposal of waste...