How to avoid double taxation on income?

To avoid double taxation on income as set out in the Treaty for the Avoidance of Double Taxation with Respect to Taxes on Income and on Capital signed by the Republic of Lithuania and Federal Republic of Germany, the customer shall submit to the Bank:
  • a foreign residence certificate valid at the time of the payment of interest at the end of the deposit term

  • a request of a foreign resident to reduce the tax withheld. The request form No. FR0021 of the State Tax Inspectorate Under the Ministry of Finance of the Republic of Lithuania is available here

Documents to the Bank must be submitted not less than 5 calendar days before the end of the term of the deposit. If the customer fails to deliver to the Bank a valid residence certificate and request within the specified term, the Bank shall deduct income tax from the interest payable to the customer at the rate applicable in the Republic of Lithuania at the time of payment of interest.

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