Is the income earned on the Crowdpear for legal entities taxed? (Lithuanian legal entities)
Yes, the income earned on the Crowdpear platform is taxed based on the legislation of the country of the tax residence. Crowdpear is registered in Lithuania, therefore The State Tax Inspectorate of Lithuania (lit. VMI – Valstybinė mokesčių inspekcija) will be informed about the income investors have earned during the previous taxable (calendar) year.
Crowdpear does not deduct taxes from the income earned, and bonuses received. Declaring and paying taxes to the State Tax Inspectorate of Lithuania (lit. VMI – Valstybinė mokesčių inspekcija) is the legal entity’s obligation.