FACTOID # 3: People in Germany, Belgium, Hungary and Sweden have to pay almost half their salaries in tax.
 
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Europe > Lithuania > Taxation

LITHUANIAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Average time to clear customs > days 34 days ... [34th of 39]
Customs and other import duties > % of tax revenue 75 % ... [75th of 82]
Customs and other import duties > current LCU 81400000 ...
Highest marginal tax rate, corporate rate > % 85 % ... [85th of 108]
Highest marginal tax rate, individual rate > % 40 % ... [40th of 102]
Net taxes on products > constant LCU 7413100000 ...
Net taxes on products > current LCU 6962400000 ...
Net taxes on products > current US$ 50 $ ... [50th of 159]
Other taxes > % of revenue 62 % ... [62nd of 91]
Other taxes > current LCU 25400000 ...
Social contributions > % of revenue 23 % ... [23rd of 78]
Social contributions > current LCU 6449800000 ...
Tax Freedom Day > % Burden 9 % [9th of 13]
Tax Freedom Day > Date of Year 5 May
Tax Freedom Day > Day of Year 11 [11th of 15]
Tax Freedom Day > Source that calculates it
Lithuanian Free Market Institute
Tax payments > number 150 ... [150th of 171]
Tax rates > % of managers surveyed ranking this as a major business constraint 9 % ... [9th of 39]
Tax revenue > % of GDP 37 % ... [37th of 98]
Tax revenue > current LCU 12437600000 ...

... View all Taxation stats

SOURCES: Average time to clear customs is the number of days to clear an imported good through customs.; Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; ; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.; Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

ALTERNATIVE NAMES: Lithuania, Republic of Lithuania, Lietuvos Respublika, Lietuva

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COMMENTARY     

Darius (Lithuania, Vilnius)
29th January 2008
Highest marginal tax rate in Lithuania, individual rate > % 33 % was in 2006, now it is 24 %.

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