Taxes for foreign investors

If you are not a tax resident of Lithuania and invest through SAVY, your earned interest may be subject to Lithuanian personal income tax (PIT). SAVY is responsible for withholding and transferring the applicable PIT to the Lithuanian tax authorities for investors who are not residents of Lithuania. 

The standard PIT rate is 15%, which is automatically deducted from the interest earned when a loan repayment is made. 

Double Taxation Avoidance Agreements 

If you are a tax resident of a country that has a Double Taxation Avoidance Agreement (DTA) with Lithuania, you may be eligible for a reduced withholding tax rate. 

In certain cases, the applicable PIT rate can be reduced to 10% if the investor provides the required documentation confirming their tax residency. 

To find out whether you qualify for a reduced tax rate and what documents are required, please contact us at investuoju@savy.lt. 

Annual tax exemption 

A €500 annual tax exemption currently applies to interest income; however, this exemption can only be claimed when submitting an annual income tax return. Tax rules may differ depending on your country of tax residence. We recommend checking the applicable tax obligations in your country, including whether income earned through SAVY must be declared and how foreign investment income is treated.