Capital Gains Tax in Lithuania

Who it is for

Capital gains tax is a tax on the profit you make when you sell something worth money, such as a home, shares or other investments. This service is for English speakers living abroad who want to understand and pay this tax correctly. It covers sales in the country, and sales anywhere if you count as a tax resident there (someone the country taxes as living there).

What is needed

• Your tax status: the rules can differ for residents and non-residents.
• Good records of what you paid, what you sold for, the dates, and any costs you can take off.
• Tax forms sent on time.

What happens

• Your tax status and past sales are reviewed.
• Your buying and selling papers are checked to work out the tax.
• The tax forms are prepared, using every allowed deduction (cost you can take off).
• You are told about later changes in the tax rules that may affect you.

This can help you avoid fines and pay no more than you need to. The service is offered in English.