Calculators

The manager of an MB, who is also a member of the MB, pays the personal income tax (PIT) individually (when the annual income portion does not exceed 120 Minimum Monthly Wages, VDU) from the payments based on a civil contract for management.

• The Personal Income Tax (PIT) from the remuneration under the civil contract must be paid by the 15th day of the month or the last day of the month. The corresponding PIT payment code is 1330.
• Social Security (VSD) and Health Insurance (PSD) contributions are not required.

For the manager of a Small Partnership (MB), who is also a member of the MB, when the annual income portion does not exceed 120 Minimum Monthly Wages (VDU), under a civil contract for management, the Personal Income Tax (PIT) is to be paid by the manager personally.

• To pay the PIT to the State Tax Inspectorate (VMI) account, it must be done by May 1 of the following year or monthly by the 15th day of the same month or the last day of the month. The PIT is paid accordingly. The payment code is 1330.
• PIT expenses, when calculating the MB corporate income tax, are non-deductible, meaning the MB will pay corporate income tax based on the PIT amount when calculating the taxable profit or when decreasing tax-related losses affecting future corporate income tax.

For the manager of a Small Partnership (MB), who is also a member of the MB, when the annual income portion does not exceed 120 Minimum Monthly Wages (VDU), the manager pays the personal income tax (PIT) individually based on a civil contract for management.

• The Personal Income Tax (PIT) is paid by the manager himself/herself and must be paid by May 1 of the following year.
• The payment code is 1441.

Dividends from a UAB are typically distributed once a year when the results of the previous year (financial year) are finally calculated. However, dividends can also be paid for a shorter period if agreements regarding interim dividend payments have been signed. The company (UAB) is responsible for paying the Personal Income Tax (PIT) on the distributed dividends.

• The Personal Income Tax (PIT) on dividends paid by the UAB must be paid by the 15th day of the same month or the last day of the month.
• The payment code for PIT is 1411.