Geography of Lithuania offers perhaps of oil deposits, and the southeast could provide high yields of iron ore and granite. According to some geographers, the geographical midpoint of Europe is just north of Lithuania's capital, Vilnius. Geographic coordinates: Lithuania is situated on the eastern shore of the Baltic Sea. Lithuania's boundaries have changed several times since 1918, but they have been stable since 1945. Currently, Lithuania covers an area of about 65,200 square kilometres. About the size of West Virginia, it is larger than Belgium, Denmark, Latvia, the Netherlands, or Switzerland. Lithuania is situated on the eastern shore of the Baltic Sea and
Taxation in Lithuania in the national budget (including municipal budgets) in 2013. All of these taxes are collected in the state budget, although a part of the personal income taxes collected from individuals are allocated to the municipality where that individual resides. The rules for this allocation are approved annually. Taxes on property are allocated fully to municipal budgets. Lithuania redistributes a relatively small part of its GDP through taxation. Revenue from taxes and social contributions in Lithuania stood at 27.5% of GDP in 2012, the lowest in Europe. Lithuania also exhibits some of the lowest tax rates on corporate profits, capital and