Individual activity (IV) tax calculator 2026: how much do you pay in Lithuania?
From 2026, the taxable income of an individual activity with a certificate is taxed at 20 % GPM less the IV credit: 15 % of the income up to €20,000, falling to nothing at €42,500. Sodra takes VSD 12.52 % and PSD 6.98 % of 90 % of the profit. For example, €30,000 of taxable income pays €3,500 GPM.
Updated 21 October 2026 · Sources: VMI: income tax rates from 2026, Sodra: contributions of the self-employed, 2026
| Actual expenses | 30 % without documents✓ Better for you | |
|---|---|---|
| Expenses deducted | €3,000 | €9,000 |
| Profit | €27,000 | €21,000 |
| Sodra base (90 % of profit) | €24,300 | €18,900 |
| VSD 12.52 % | €3,042 | €2,366 |
| PSD 6.98 % | €1,696 | €1,319 |
| Taxable income | €22,262 | €21,000 |
| GPM 20 % | €4,452 | €4,200 |
| IV tax credit | -€3,004 | -€3,010 |
| GPM to pay | €1,449 | €1,190 |
| Total taxes | €6,187 | €4,876 |
| Left for youIncome less your real expenses and the taxes. | €20,813 | €22,125 |
Good to know
- Uses the 2026 rules. Above €42,500 of taxable income the IV credit no longer applies and the income is added to your other income of the year (20 %, 25 % or 32 %) – the calculator looks at the IV income only.
- Sodra contributions are capped at 43 average wages – €99,422.45 a year. VSD 12.52 %; with the extra pension saving, 15.52 %.
- If you are not covered by health insurance otherwise (e.g. as an employee), you pay at least €80.48 PSD every month.
- With 30 % presumed expenses nothing else can be deducted, VSD and PSD included. With actual expenses the year’s VSD and PSD come off the income too.
- The annual income declaration GPM311 is filed and the tax paid by 1 May of the next year.
- This is an estimate, not tax advice.
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Upload it – she books income and expenses, calculates GPM, VSD and PSD and prepares GPM311.
FAQ
How much income tax does an individual activity pay in 2026?
20 % of the taxable income less the IV credit. Up to €20,000 of taxable income the credit is 15 % of it, so the tax is about 5 %. Above €20,000 the credit shrinks and it is gone at €42,500.
Actual expenses or 30 %?
It depends on your costs. Actual expenses also let you deduct VSD and PSD but need documents; 30 % needs none. The calculator works out both and marks the cheaper one.
What are Sodra contributions calculated on?
On 90 % of the profit (income less expenses), at most €99,422.45 a year. VSD is 12.52 %, PSD 6.98 %.
When do I file and pay?
The annual income declaration GPM311 with the individual activity annex is filed, and the tax paid, by 1 May of the next year.