| Abstract [eng] |
The main idea of this scrutiny is to outline the scope of taxable income from individual activity in Lithuania. The survey deals first with questions of notion of individual activity in Lithuanian personal income tax law, then with the calculation rules and principles, characteristics of taxable income, also declaration of income from individual activity is discussed. If income from individual activity must be taxed, first individual activity shall be determined. Individual activity varies from employment relations, i.e. when a person does his actual work under the subordination of someone else and gets renumeration. Also accasionally actions do not constitute individual activity. Income from individual activity form income of class B. Taxes from such an activity shall be declared, calculated and paid by the taxpayer until the first of May of next year. Income of Lithuanian resident received in foreigh country are not taxed by Lithuanian laws rather by that country where it was earned. |
