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How is Crypto Taxed in Lithuania?

  • Updated
What is the tax category?

Income tax.

 

How much is the tax rate?

15%

 

Which tax events are taxable?

Realization of gains.

 

Are there any special tax rules?

The income of residents from purchase-sale of virtual currencies or sales of produced virtual currency may be charged as income from individual activities if such activities satisfy the aggregate criteria of continuity, autonomy, and pursuit of economic benefits.

 

Is there any governmental legislation on cryptocurrency taxation?

Statement of the Lithuanian Ministry of Finance.

 

How is tax paid?

Included in an annual personal income tax return.

 

Taxable events in Crypto in Lithuania

 

  1. Production and sales activities of virtual Currency
  2. Payment for goods or services in a virtual Currency
  3. Transactions in Virtual Currencies

Taxation of Tokens designated for company founders through ICO and tokens paid out for project participants for services provided

 

  1. Issue of Virtual Units (Tokens) Considered as Securities.
  2. Circulation of Virtual Units (Tokens) Granting the Right to Receive a Service or
    Product.
  3. Circulation of Virtual Units (Tokens) Attributable to Assets.

 

Disclaimer: This is not a legal, tax, accounting or investment advice. It is general information which should only be used for introduction purposes. You should consult with a tax/legal specialist.

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