Analytics, Financial Services, Lithuania, Markets and Companies, Taxation

International Internet Magazine. Baltic States news & analytics Saturday, 16.01.2021, 14:37

Lithuania's top 500 taxpayers pay 1.7% more in taxes in Q1

BC, Vilnius, 11.05.2020.Print version
Lithuania's top 500 taxpayers paid a total of 1.308 billion euros in taxes to the state in the first quarter of 2020, up by 1.7% from 1.286 billion euros in the same period last year, writes LETA/BNS, according to figures from the State Tax Inspectorate.

The oil group Orlen Lietuva topped the list with 98 million euros, a rise of 31.6% year-on-year, followed by the oil product wholesaler and real estate lessor Okseta with 57.5 million euros, up by 3%, at number two, and the tobacco manufacturer Philip Morris Baltic with 46.2 million euros, up by 12.3%, in third position.

Excise duties and the value-added tax make up a large part of all taxes paid by the biggest tax-payers. 

Further down the list was the liquefied natural gas and oil product terminals' operator Klaipedos Nafta with 44.9 million euros, up by 29%, followed in fifth place by the wholesale trade and logistics company Sanitex with 36.5 million euros, up by 9%. 

The top ten tax-payers contributed a total of 424.883 million euros in taxes to the state's coffers in the first quarter (up by 3.1% year-on-year), accounting for 32.5% of all taxes paid by the top 500 tax-payers.

Search site