Customs Import and Export Taxes in Lithuania
Summary:This article outlines Lithuania's import and export tax policies, detailing the customs duties, value-added tax (VAT), and excise taxes imposed on imported goods, as well as additional anti-dumping duties on specific commodities.
Import Taxes
Customs Duties:
Lithuania imposes customs duties on imported goods, with rates typically ranging from 0% to 17%,
contingent upon the commodity type. For instance, certain goods like books may be exempt from
customs duties, whereas Wellington boots might attract higher tariff rates.
Additional taxes, such as anti-dumping duties, may apply to specific commodities based on their
country of origin. For example, bicycles manufactured in China may be subject to additional
anti-dumping tariffs.
Lithuania has a de minimis threshold for import taxes, whereby goods with a Free On Board (FOB)
value not exceeding a certain amount (e.g., 150 euros) may be exempt from customs duties.
Value-Added Tax (VAT)
Lithuania levies VAT on imported goods at a standard rate of 21%. However, reduced rates, such as 9%, apply to certain goods like newspapers and magazines. The VAT calculation formula is: VAT = VAT Rate × (CIF Value + Customs Duty), where CIF (Cost, Insurance, and Freight) represents the total landed cost of the goods.
Excise Taxes
Lithuania imposes excise taxes on specific commodities, such as tobacco products.
Additional Customs Fees
Additional customs fees may be charged for inspections, examinations, or testing required for the clearance of imported goods at customs.
Export Taxes
Regarding export taxes in Lithuania, generally, exports are not subject to customs duties or VAT. However, the specific circumstances, including the type of goods and the destination country, must be taken into account. Additionally, exporters must comply with relevant export controls and licensing requirements.
