Lithuania's richest man Nerijus Numavičius, who has lived in London since June 2015, will declare his 2016 income and pay taxes for the year solely in the United Kingdom.
Nerijus Numavičius
© DELFI / Mindaugas Ažušilis

The majority shareholder of the Vilniaus Prekyba Group, one of Lithuania's biggest business groups, paid his taxes for 2015 both in Lithuania and in the UK because it was in July 2015 that he reported his departure to the authorities.

Under Lithuanian laws, Numavičius was considered a Lithuanian taxpayer during the full year 2015. As his family's only home has been in London since July 2015 and he has permanently lived there, he has also been considered a UK taxpayer since then.

The UK tax year starts on April 6 and ends on April 5 the following year. Lithuania's tax year is a calendar year.

Vaidotas Cučėnas, head of communications at Talka LT, Numavičius' family office, told BNS that the VP Group shareholder, who is thought to be Lithuania's richest person with an estimated wealth of 1.3 billion euros, did not plan to return to Lithuania, at least not in 2017.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

How blockchain technology will change the world trade?

The field of research of World Trade Organisation chief analyst Emmanuelle Ganne is the application of...

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business...

2018 was marked as the best year for Lithuanian cinema market after the restoration of independence

The Lithuanian film centre have summarized the local box office results - in 2018 distribution reached...

The number of foreign startups choosing Lithuania for starting their businesses is growing

Last year, the Startup Visa received 178 applications of foreign companies for participation in the...

Lietuvos Geležinkeliai starts Rail Baltica territory planning (1)

Lietuvos Geležinkeliai [Lithuanian Railways] is initiating the European gauge Rail Baltica...