The following tax incentives are applied to the companies operating in Klaipeda FEZ:
|Taxes||Klaipeda FEZ||Usual Tax Rate|
10 years exemption from corporate income tax
Further 6 years of reduced rate (7.5%)
|Real estate tax||No||0.31 - 1 %|
* Investments in long term assets must be at least 1 million EUR.
All tax incentives comply with the European Union and Lithuanian laws. According to the EU state assistance norms, the total tax incentive package with respect to the investments in non-current assets may not exceed:
- 45% – for a micro and small enterprise having up to 50 employees and an annual income of up to EUR 7 million or a balance-sheet value of its assets of up to 5 million EUR.
- 35% – for a medium-sized enterprise having up to 250 employees and an annual income of up to EUR 40 million or a balance-sheet value of its assets of up to 27 million EUR.
- 25% – for a large enterprise having over 250 employees and an annual income of over EUR 40 million or the balance-sheet value of its assets is more than 27 million EUR.
Total tax incentive package for big investment projects (50 mln. EUR and more) is calculated according special methodology.