When income from the sale of movable property subject to registration is not taxed

Proceeds from the sale of movable property registered in Lithuania are not taxed if the ownership of the movable property has been continuously held for at least 3 years.  

Important: if you sold movable property (e.g. a car) registered in a Member State of the European Union (EU) or in a foreign country that is a member of the European Free Trade Association (EFTA), in accordance with the Road Vehicles Registration Regulations, you do not have to register such movable property again in Lithuania. Therefore, you do not have to pay income tax on the proceeds of the sale thereof, irrespective of how long you have held ownership of the property.