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Lithuania vs Trinidad and Tobago: tax rates compared
Lithuania's income tax rate is 2pp higher than Trinidad and Tobago's (32% vs 30%). The 200-country average is 28%: both sit above it. Lithuania's figure is dated 2025-01-01 and Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LT | TT | Difference |
|---|---|---|---|
| Income Tax | 32% | 30% | LT +2 pp |
| Corporate Tax | 16% | 30% | TT +14 pp |
| VAT | 21% | 12.5% | LT +8.5 pp |
| Capital Gains Tax | 20% | 0% | LT +20 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 32% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Taxes on personal income) · as of 2026-06-02 |
| Difference | +2 pp | Lithuania higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 16% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −14 pp | Trinidad and Tobago higher |
Trinidad and Tobago's corporate tax rate is 14pp higher than Lithuania's (30% vs 16%). The 201-country average is 22.6%: Lithuania sits below it, Trinidad and Tobago sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Lithuania | 21% | Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10 |
| Trinidad and Tobago | 12.5% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Corporate, Other taxes) · as of 2026-06-02 |
| Difference | +8.5 pp | Lithuania higher |
Lithuania's VAT rate is 8.5pp higher than Trinidad and Tobago's (21% vs 12.5%). The 181-country average is 15%: Lithuania sits above it, Trinidad and Tobago sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 20% | Source: PWC Worldwide Tax Summaries — Lithuania (Individual, Income determination) · as of 2026-03-10 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Income determination) · as of 2026-06-02 |
| Difference | +20 pp | Lithuania higher |
Lithuania's capital gains tax rate is 20pp higher than Trinidad and Tobago's (20% vs 0%). The 175-country average is 10.3%: Lithuania sits above it, Trinidad and Tobago sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Other taxes) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
Lithuania's wealth tax rate is identical to Trinidad and Tobago's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.