Eliminating double taxation of income received abroad without a treaty for the avoidance of double taxation
Eliminating double taxation of income received abroad without a treaty for the avoidance of double taxation
If the respective foreign country is not listed under Target Territories, then the income tax paid in that country on income received therein may be deducted in Lithuania, i.e. the amount of the income tax paid in that country is deducted from the amount of income tax payable in Lithuania.