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| Condition | 2026 |
|---|---|
| Tax-free interest amount | €500/year |
| Tax rate above the threshold | 15% |
| Threshold applies to | all of a resident's interest income per year (all deposits combined) |
Source: Lithuanian State Tax Inspectorate (VMI) / Personal Income Tax Law. Updated 2026-06. This is an indicative calculation — for a multi-year term, interest is spread evenly across years when assessing the €500/year threshold. If you have multiple deposits, the threshold applies to your total annual interest across all of them, not per deposit — VMI calculates the exact tax via the annual tax return.
No. In 2026 a tax-free threshold of €500 per year applies in Lithuania. Only the portion of interest exceeding this threshold is taxed at 15%.
Compounding is how often accrued interest is added to the deposit amount and starts earning interest itself. More frequent compounding (monthly) gives a larger final amount than less frequent (annual) or no compounding at all.
No, the €500/year threshold applies to all interest income a resident receives in a calendar year combined, across all banks and deposits.
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