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Lithuania Solidarity Contribution for Fossil Fuel Sector and Windfall Tax for Electricity Producers

|Approved Changes|Lithuania
Lithuania

Lithuania has published Law XIV-1680 in the Official Gazette, which entered into force on 1 January 2023 and provides for the implementation of Regulation (EU) 2022/1854. This includes a solidarity contribution on surplus profits in the crude oil, natural gas, coal, and oil refining sectors that is equal to a rate of 33% on taxable profits in the tax year starting in 2023 to the extent exceed…

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