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Generic Tax Name Tax on petroleum and natural gas resources
Tax name in the national language Naftos ir dujų išteklių mokestis
Tax name in English Tax on petroleum and natural gas resources
Member State LT-Lithuania
Tax in force since 1992/10/07
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Law on taxes on petroleum and natural gas resources No. I-2944, adopted by Supreme Council (Reconstituent Seimas) in 1992/10/07, the new version on Law on taxes on petroleum and natural gas resources came into force in 2003/07/01.The last amendment of Law on Petroleum and Natural Gas Resources came ino force in 2012/01/01. The new version of Hydrocarbons taxation was adopted by Parliament in 4th December 2014 and came into force in 1st January 2015.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

The tax goes:

  • 90% to the State budget;
  • 10% to the municipal budget of the municipality in the territory where hydrocarbons are extracted.
 
Geographical Scope

The territory of the Republic of Lithuania and its economic zone in the Baltic Sea.

 
Taxpayers

The payers of the tax are Lithuanian and foreign taxable entities (within the meaning used in the Corporate Tax of the Republic of Lithuania) and natural persons extracting petroleum and natural gas in the territory of the Republic of Lithuania and its economic zone in the Baltic Sea.

 
Tax object and basis of assessment

The object of tax is petroleum and natural gas extracted in the territory of the Republic of Lithuania and its economic zone in the Baltic Sea.

The tax period is a calendar quarter. The tax is calculated on the basis of the average sale price at the place of extraction per cubic meter of the petroleum and natural gas extracted during the previous tax period.

The tax is calculated on the basis of the amount of petroleum and natural gas which was extracted during the calendar quarter.

 
Deductions, Allowances, Credits, Exemptions
 
Rate(s) Structure
  • 12 per cent base tax rate is applied to conventional petroleum and natural gas extracted from deposit;
  • 9 per cent compensatory rate of tax is applied for petroleum and natural gas from deposits prospected for and explored with State funds. Compensatory tax rate is reduced in proportion to the share attributable to funds other than State funds but not more than to 4.5 per cent calculated according to the description set by Government or the authorized institution;
  • 15 per cent base rate is applied to unconventional petroleum and natural gas extracted from deposit.
 
Tax due date

Tax must be paid not later than by the 25th day of the first month of the following calendar quarter.

 
Tax collector

The State Tax Inspectorate.

 
Special features

The State Tax Inspectorate under the Ministry of Finance together with the Ministry of Environment and Lithuanian Geological Survey under the Ministry of Environment exercise control over correct calculation of tax.

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d29f

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 34.89 LTL 0.10
2011 31.13 LTL 0.10
2010 23.28 LTL 0.08
2009 16.30 LTL 0.06
2008 36.30 LTL 0.11
2007 24.30 LTL 0.08
2006 35.00 LTL 0.14
2005 30.80 LTL 0.15
2004 43.80 LTL 0.24
2003 58.10 LTL 0.35
2002 88.60 LTL 0.58
2001 82.00 LTL 0.58
2000 43.70 LTL 0.33
1999 11.10 LTL 0.09

Comments