Lithuania

Corporate Income Tax in Lithuania

Lithuanian corporate income tax (pelno mokestis) in tax year 2026. It covers the 17% standard rate, the 0% and 7% rates for entities with income up to EUR 300,000 and the related-entity test that removes them, the taxable profit computation, non-deductible items, representation costs, tax depreciation and immediate write-off, losses carried forward with the 70% cap, the 30% EBITDA interest limit with its EUR 3,000,000 floor, the 4:1 controlled debt rule for interest paid to controlling lenders, passenger car cost caps, the investment project relief, advance payments, the annual return due by the 15th day of the 6th month, fines and late payment interest.