Which property is subject to immovable property tax

Companies/organizations are required to pay immovable property tax on immovable property owned under rights of ownership and located in Lithuania. If the immovable property (or part thereof) is owned by a natural person and is transferred to the company for an indefinite period, or for a period of more than one month, then the company must pay the immovable property tax during that period. No property tax is payable if the construction of the immovable property has not been completed in accordance with the procedure laid down in Republic of Lithuania Law on Construction, or if the immovable property is not actually used. For more detailed information, please see here (only in Lithuanian).