The Lithuanian State Tax Inspectorate March 24 issued Information Notice No. R-792, updating the procedure for taxing real estate rental income received in 2025. The notice includes: 1) a reminder that property may only be rented for residential purposes to Lithuanian residents after acquiring a business license for real estate rental and paying a fixed income tax; 2) residential rental income can’t exceed 45,000 euros (US$46,528) during the 2025 tax period; 3) the May 4 deadline for declaring income received from renting real estate and for paying individual income tax on that income; and 4) the 15 percent tax rate ...
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