Personal income tax relief calculator

Annual income

Annual expenses

Calculator is prepared in accordance with applicable legislation of the Republic of Lithuania. Life insurance agreement taxation procedure is subject to changes in requirements provided for in legislation of the Republic of Lithuania and interpretations thereof.

• (Total) expenses for the year
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• Refundable PIT amount The maximum amount of premiums, of which PIT may be refunded, cannot exceed 25 per cent of taxable income received by you during the entire tax period.
  Permanent residents of the Republic of Lithuania may be refunded PIT of premiums of EUR 1500 paid according to their cumulative life insurance contracts and to pension funds. Thus, the maximum amount of EUR 300 may be refunded per year.
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• Maximum amount that can be refunded
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• Amount that may be additionally paid for life insurance and pension funds during this year in order to take full advantage of PITR
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• You may be refunded additionally You may be refunded up to 20% of your paid life insurance premiums annually.
  Permanent residents of the Republic of Lithuania who pay life insurance premiums according to their life insurance contracts, which provide that indemnity shall be paid not only upon an insured event but also upon expiry of the insurance contract, are eligible for the PIT relief.
  You may be refunded the part of income tax of your life insurance premiums paid during the calendar year, specified in the law, when you submit an annual income tax return. When your tax return is accepted and examined, you will be refunded by the State Tax Inspectorate.
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