Which foreign unit income is subject to corporate income tax at source
Which foreign unit income is subject to corporate income tax at source
Foreign units are required to pay corporate income tax at source on the following income:
- interest other than on government securities, accrued interest payable on deposits, and interest on subordinated loans that meet the criteria set out in the legal acts of the Bank of Lithuania;
- income from distributed profits, except for income from distributed profits of collective investment undertakings of foreign units registered or otherwise organized outside the target territory;
- royalties;
- income from the sale or other transfer of ownership or lease of immovable property located in the territory of the Republic of Lithuania;
- compensation for infringement of copyright or related rights;
- income from sporting and performing activities carried out in the territory of the Republic of Lithuania;
- payments for member activities in the Supervisory Board.