Tax payment responsibility

Tax liabilities in the United States

The Government of the Republic of Lithuania has signed an agreement with the US tax authorities Foreign Account Tax Compliance Act, FATCA . The aim of FATCA is to target non‑compliance by the US taxpayers using foreign accounts. Under this Agreement, Lithuanian financial institutions are required to identify and report aggregated amounts on accounts held by the US persons to the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania, which respectively reports to the US Internal Revenue Service (IRS).

For additional information, please visit USA IRS homepage.

Common reporting standard (CRS)

The Common Reporting Standard (the CRS) is  an international reporting standard  that aims to fight against tax evasion. It introduces requirements for the financial institutions to  provide information about the citizens’ financial accounts in foreign countries and introducese automatic exchange of such information between different jurisdictions. As set out in the CRS, state tax administration institutions receive information from local financial institutions and share it with the respective tax administration institutions in the foreign countries on annual basis.

FATCA / CRS Self‑Certification forms:

Following the requirements of the legislation, we are unable to provide consultations on the tax‑related issues related to the Common Reporting Standard (CRS) or the US Government's agreement "Improving International Tax Compliance and Implementing the Foreign Account Tax Compliance Act". If you have any questions, please visit the website of the Organisation for Economic Co‑operation and Development (OECD) or contact tax specialists.

Frequently Asked Questions

We ask for this information based on the Common Reporting Standard (CRS) and the Agreement "Improving International Tax Compliance and Implementing the Foreign Account Tax Compliance Act" concluded between Lithuania and the US. According to it,  all financial institutions are required to collect and verify information about the customers or the ultimate beneficial owners/control persons' residence state(s) for tax purposes. For more information, please check the EU Directive DAC7.

A taxpayer identification number (TIN) is an identification number used for exchanging tax information between different countries in accordance with the Common Reporting Standard (CRS) or the Foreign Account Tax Compliance Act (FATCA). The customer must indicate all tax payment states and all taxpayer identification numbers corresponding to the established structure. More detailed information on the tax payment rules of specific jurisdictions and the corresponding taxpayer identification number (TIN) structures can be found here. Please note that private customers who are Lithuanian citizens should use their personal identification number as their taxpayer identification number, while registered Lithuanian business customers should use their company registration number.