Among 36 OECD countries, Lithuania is only behind Estonia, New Zealand and Latvia.

Lithuania's strengths include the facts that business investments in machinery, buildings, and intangibles receive better-than-average tax treatment; Lithuania's corporate tax rate is 15 percent, well below the OECD average of 23.6 percent; and Lithuania's taxes on labor are relatively flat, allowing the government to raise revenue from taxes on workers with very few distortions.

Lithuania comes in third in terms of corporate taxes and individual taxes, 7th in terms of property taxes, 17th in terms of international tax riles and 24th in terms of consumption taxes.

Switzerland, Luxembourg, Australia, Sweden, The Netherlands and the Czech Republic also got into the Top-10.

Source
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
BNS
Comment Show discussion