LTH Tax Commercial Real Estate Tax

Published on: Jan 16, 2025

On Jan. 13, LTH Tax informed of commercial real estate declaration.

  • LTH Tax informed of declarations and advance notifications for commercial real estate.
  • Main Points
  • Companies and residents who own commercial real estate (RE) must declare and pay the 2024 commercial real estate tax through the Electronic Declaration System (EDS).
  • LTH Tax started sending advance notifications based on registers' preliminary data.
  • Companies must declare property owned by them and taken over from residents, and residents must declare buildings and premises for commercial purposes e.g., hotels.
  • The tax amount depends on the total tax value of all commercial real estate and the rates set by the specific municipalities where the real estate is located, i.e. 0.5-3%.
  • LTH Tax made available Q&A for the tax, submission for residents and for companies.
  • Effectiveness
  • Declaration and payment via the Electronic Declaration System until Feb. 17, 2025.
Regulators
LTH Tax
Entity Types
Auditor; Corp
Reference
PR, 1/13/2025
Functions
Accounting; Financial; Legal; Reporting; Tax; Technology; Treasury
Countries
Lithuania
Category
State
N/A
Products
Corporate
Rule Type
Final
Regions
EMEA
Rule Date
Jan 13, 2025
Effective Date
Feb 17, 2025
Rule ID
240118
Linked to
N/A
Reg. Last Update
Jan 13, 2025
Report Section
EU