Orlen Lithuania, a Polish-owned oil import and refining company, has remained Lithuania’s biggest taxpayer for more than a decade. In the first half of this year, the company paid €198.7 million to the state budget – 30.6% less than during the same period last year – according to the latest list of the 500 biggest taxpayers published by the State Tax Inspectorate.
The company has topped the list since 2013.
Oil retailer Circle K Lietuva ranks second this year, followed by Okseta, an oil retailer owned by the family of Ivan Paleičik, which held second place last year. They paid €170.9 million and €166.9 million in taxes respectively, representing increases of 25% and 2.8%.
In fourth place is Philip Morris Baltic, a tobacco trading company, which paid €135.7 million in taxes. KN Energies, a company involved in the handling of petroleum products and LNG, moved up one position to fifth place with €132.2 million paid.
Meanwhile, Sanitex, a wholesale and logistics group, dropped from fifth to sixth place this year with €118.6 million, while retail chain operator Maxima LT remained in seventh with €89.2 million.
MV Group Distribution, a distributor of alcoholic beverages and part of MV Group, rose one notch to eighth place with €81.8 million, followed by Swedbank, which dropped from eighth to ninth with €81.4 million.
SEB Bank rounds out the Top 10 with €75.2 million in tax payments.
As for corporate income tax specifically, the top contributors in the first half of the year were Swedbank (€68.8 million), SEB (€63.1 million), biotechnology company Thermo Fisher Scientific Baltics (€34.9 million), and banks Revolut (€25.9 million) and Luminor (€22.7 million). Other major contributors include Bifinity, the cryptocurrency division of Binance (€19.6 million), Artea Bank (€11.4 million), telecom companies Tele2 (€10.3 million), NT Service (€10.2 million), and Telia Lithuania (€8.8 million).
The State Tax Inspectorate has been publishing the Top 500 list of taxpayers since 2012.
Source: BNS
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