Lithuania upstream fiscal summary Report

Country Report 25 May 2023

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Report summary

Lithuania’s concession regime is relatively simple. The main elements are an additional petroleum tax and corporate income tax. The additional petroleum tax is effectively a royalty and consists of a flat basic rate and a compensatory rate based on any the use of state funding. Lithuania has no commercial gas reserves so all terms are related to oil. There is no state oil company and no mandated minimum state equity share.

Basis
Licence terms
- Duration
Government equity participation
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Additional petroleum tax
- Ring fencing
- Base
- Rate
- Payment schedule
- Corporate income tax
- 7 more item(s)...
Recent history of fiscal changes
Stability Provisions
Split of the barrel and share of profit
Effective royalty rate and maximum government share
Progressivity
Fiscal deterrence