🇱🇹 Eleven Lithuanian Companies Paid Over €100 Million in Taxes in 2025
According to Verslo žinios, 11 Lithuanian companies each contributed more than €100 million in taxes to the state budget during the first nine months of 2025 — mainly from fuel retailers, manufacturers of excise goods, commercial banks, defense firms, and gaming operators.
Overall, businesses paid €13.3 billion in taxes from January to September — 10.1% more than in the same period of 2024. One-third of all revenue came from wholesale and retail trade, 11% from manufacturing, and 6% from transport and logistics.
Top taxpayers (including excise and VAT):
1️⃣ Orlen Lietuva – €316 million (–24.2% YoY)
2️⃣ Circle K Lietuva – €271 million
3️⃣ Okseta (Viada Group) – €265 million
Other major contributors include Sanitex, Maxima LT, and Lidl Lietuva.
When excluding excise and VAT, banks and tech firms dominate:
Swedbank – €99.9 million (of which €90.9 million profit tax)
SEB Bank – €94.3 million
Thermo Fisher Scientific Baltics – €59 million (+34.7% YoY)
State Forest Enterprise – €49.4 million
Danske Bank Global Services Center – €32 million
Other notable names include Revolut Bank, Luminor, Artea, and gaming companies Top Sport (€27.3 million) and Olifeja (€18.3 million).
Context:
Lithuania’s tax base in 2025 reflects a diversified mix of excise-heavy sectors and high-margin banking profits. The oil group Orlen Lietuva remains the largest single taxpayer but saw a decline due to lower refinery margins, while banks and biotech firms recorded double-digit growth. Compared with Estonia and Latvia, Lithuania collects roughly 35% more corporate tax revenue per capita, helped by a stronger retail sector and foreign-owned industrial hubs such as Mažeikiai and Vilnius.
Source: Verslo žinios, ELTA, State Tax Inspectorate (VMI)
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