OrbitaxAmendments to Law on Individual Income Tax
|Approved Changes|Lithuania
On 27 June 2013, the parliament adopted amendments to the Law on Individual Income Tax (the Law). The amendments will apply from 1 January 2014. The following major amendments were made to the Law.
Interest
The following types of interest will become taxable at the general flat rate of individual income tax, i.e. 15% (currently exempt, with certain exceptions):
