REPUBLIC OF LITHUANIA

REPUBLIC OF LITHUANIA REPUBLIC OF LITHUANIA LAW ON LAND TAX 25 June 1992 No. I-2675 Vilnius (As amended by 30 April 1996)

1. THE OBJECT OF TAXATION AND TAXABLE ENTITIES Article
2. The object of land tax shall be private land. Article
3. Owners of private land shall be liable to land taxation.
4. RATE OF TAX Article
5. The annual rate of land tax shall be 1.5 percent o the cost of the land (in the case of forestry land -- not including the price of trees).
6. TAX RELIEFS Article
7. Exempt from land tax shall be: 1) commonly used roads; 2) plots of land belonging by the right of ownership to diplomatic and consular missions of foreign states (on parity basis); and 3) forestry land. (Amended 3 July 1995) Article
8. Tax reliefs for land under protective forest belts and under natural monuments, as well as for land used for the purposes of nature protection, shall be established by the Government of the Republic of Lithuania. Tax reliefs for land under historical and cultural monuments shall be established by the Government of the Republic of Lithuania. (Amended 13 June 1995) Article
9. Exempt from land tax shall be land owners who are group I and group II invalids, old-age pensioners and minors, provided that at the beginning of the taxation period there are no persons capable of work in the families of said land owners, and provided that the size of the land plot owned by them does not exceed the tax exempt area of land established by municipal councils. (Amended 13 June 1995) When granting tax reliefs, fulltime pupils and students of educational institutions shall not be regarded as persons capable of work. Article
10. Municipal councils shall have the right to reduce the amount of land tax or to grant exemption from the payment of land tax compensating the sums from their respective budgets.
11. COMPUTATION OF TAXES AND THE PROCEDURE OF PAYMENT Article
12. The amount of land tax shall be computed according to the procedure established by the Government of the Republic of Lithuania. Article
13. New land owners shall pay the tax: 1) for the whole year if the land is acquired during the first half of the year; and 2) beginning the following calendar year if the land was acquired during the second half of the year. Article
14. No tax shall be imposed on land: 1) for the same year if the land is transferred during the first half of the year; and 2) beginning with the next year if the land is transferred during the second half of the year. Article
15. The term of the computation and payment of land tax shall be established by the executive institutions of local self-governance. (Amended 13 June 1995) Article
16. The tax shall be imposed on the taxpayers who have not been timely taxed, the amount of the tax shall be recovered, refunded and revised in accordance with the procedure established by the Republic of Lithuania Law on Tax Administration. (Amended 30 April 1996) Article
17. Taxpayers who fail to pay their taxes by the required date shall be liable for a daily interest in accordance with the procedure prescribed by the Republic of Lithuania Law on Tax Administration. (Amended 30 April 1996) Vytautas Landsbergis President Supreme Council Republic of Lithuania