Lithuania simplifies investment account declaration

Lithuanian taxpayers have successfully utilized a new option to declare their investment accounts for the first time this year. The State Tax Inspectorate (VMI) reported that residents actively engaged with the Electronic Declaration System (EDS), specifically within Part H of the declaration wizard, to report these accounts.

Martynas Endrijaitis, deputy head of the VMI, expressed gratitude to all who submitted their declarations on time, acknowledging the active participation in this new process. The introduction of investment accounts, which began operating in 2025, aims to create more favorable conditions for citizens' investments.

Under the investment account model, income tax is levied only when the total amount withdrawn from the account exceeds the total amount deposited. This structure encourages investment by deferring taxation.

When declaring an investment account, individuals must provide details such as the financial institution's name, country, account number, opening date, and the date the account became active for investments. Furthermore, all transactions related to the investment account that are necessary for calculating income tax must be declared, including deposits, withdrawals, and other relevant operations.

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We see that residents have actively used the new opportunity to declare an investment account. We thank everyone who submitted their declarations on time.