Official Translation

Official Translation Official Translation REPUBLIC OF LITHUANIA LAW ON TAXES ON STATE NATURAL RESOURCES March 3, 1991, No. I–

1. (as amended by 12 Oct 2000, No.VIII-2028) Vilnius In the Republic of Lithuania, taxation on State natural resources shall be a form of realisation of natural resource ownership. The objective of this Law is to increase the responsibility of the users of natural resources for the effective and economical utilisation of natural resources and to compensate the amount spent by the State on the investigation of natural resources and on the measures implemented on the preservation of the amount and quality thereof. CHAPTER
2. Object of Taxation and Taxpayers Article
3. State natural resources shall be taxable objects. Other laws shall establish taxes not prescribed by this Law. Article
4. Taxpayers liable to taxation for State natural resources shall be legal and natural persons, who are extracting the State natural resources of the Republic of Lithuania. CHAPTER
5. TAX RATES AND PROCEDURE OF THEIR ESTABLISHMENT Article
6. Legal and natural persons shall pay taxes at the established rate according to the amount and quality of the extracted natural resources. CHAPTER 3 TAX DEDUCTIONS Article
7. Land users who utilise raw materials for the manufacturing of construction materials and water extracted from the allotted plot, for economic purposes (i.e. not commercial purposes), shall be exempt from taxes. CHAPTER
8. PROCEDURE AND CONTROL OF TAX PAYMENTS Article
9. The user of natural resources shall calculate and pay the amount of taxes due according to the established form. Article
10. Taxes shall be paid in advance and in equal instalments of the total amount of the annual tax due, which shall be computed in accordance with the estimated amount of the natural resources expected to be used, every quarter by the 15th day of the first month of the next calendar quarter. At the close of the taxable year the annual taxable amount shall be recomputed based on the actual amount of the extracted resources, and shall be submitted to the State Tax Inspectorate before the 1st of February. Article
11. The Ministry of Environment shall control the validation of tax computations. Taxes shall be imposed for any concealed resources and a penalty shall be applied by increasing the established tax rate tenfold. Article
12. Legal and natural persons who fail to fulfil the computation of State natural resources in the prescribed manner shall use an amount of State natural resources as established on the basis of State environmental protection control data. Article
13. Taxpayers, on whom the tax is not imposed on time, shall be liable for taxes and the taxes shall be exacted, refunded and corrected in accordance with the procedure established by the Law on Tax Administration of the Republic of Lithuania. Article
14. Failure to pay the required tax on time shall be subject to a penalty for delay in accordance with the procedure established by the Law on Tax Administration of the Republic of Lithuania. Article
15. Taxation for State natural resources shall be included in production costs and paid into the State Budget. The funds for economic sanctions shall be exacted from the profit which remains for the taxpayer, into the State Treasury account of funds slated for the of environmental protection support programmes. The collected amount shall be used for the goals stipulated in the Law on the Environmental Protection Support Programme of the Republic of Lithuania. CHAIRMAN OF THE SUPREME COUNCIL OF THE REPUBLIC OF LITHUANIA VYTAUTAS LANDSBERGIS