They say that only after the first one hundred days can you really begin to be more critical of a president’s decisions, choices and behaviour. A hundred days is the limit for when the warmup […]
Lithuania’s major cities have seen an impressive rise in the wealthy, with Vilnius even being a leader in this among Eastern European capitals. By the way, wealthy individuals, who count their monthly incomes in the […]
Recently tax reform proposals, which would help raise tax income, of those preparing the new social model were dismissed by the coalition government leaders, the Social Democrats. Now the LSDP has made a U-turn in […]
Lithuania’s finance minister says there should not be any major changes in taxation after October’s general elections, but adds that state finances should work towards ensuring sustainable economic growth.
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The State Tax Inspectorate‘s (VMI) anonymous hotline, which has been operating for the past 10 years, has added €32 million to the state’s budget, and the number of calls it receives is growing every year, […]
The recommendations submitted to Lithuania by the European Commission are largely the same as they’ve been over the last few years, pointed out Swedbank economist Nerijus Mačiulis. According to him, this shows that Lithuania’s reforms […]
Nordea Bank economist Žygimantas Mauricas accused Lithuanian political parties of offering primarily cosmetic tax and economic reforms that were failing to solve the disparity between taxation and income in Lithuania. “People’s greatest complaint in Lithuania, […]
Vitas Vasiliauskas, chairman of the board of the Bank of Lithuania, has admitted to representing numerous offshore companies but also said that he did not open any accounts and did not break any laws. Speaking […]
More than a quarter of Lithuania’s economy still exists on the black market, according to the Lithuanian Free Market Institute‘s research into the country’s shadow market. The research found that Lithuania’s black market was found […]
Some companies in Lithuania may face a new tax through which they would be obligated to support the Competition Council (CC). Businessmen have expressed their opposition to the tax, indicating that it would twist competition […]
Foreign companies operating and expanding in Lithuania will begin paying higher taxes to the Lithuanian government some over the next two years as they expand and develop in Lithuania, Verslo Žinios reports. “The investors attracted […]
The currently existing value-added tax (VAT) of 21 percent can stand to be reduced, believes Prime Minister Algirdas Butkevičius. […]
The Electoral Action of Poles in Lithuania (EAPL), a political party representing Lithuania’s Polish minority, has suggested implementing new taxes on bank assets and major retail chains’ turnover based on similar moves in Poland. […]
International companies like Google are making deeper inroads into the economies of the Baltic states, but they still choose to pay taxes in European Union countries with more favourable tax conditions. […]
A reduced value-added tax (VAT) rate should apply to basic food products, according to a new bill being proposed by a Labour Party MP. […]
It still pays to defraud, steal and avoid taxes in Lithuania, the country’s President Dalia Grybauskaitė said on Monday, commenting on the Court of Appeals verdict in the Labour Party‘s fraudulent bookkeeping case. […]
Lithuania will not introduce progressive taxation because there are too few high-earners, according to the country’s social democrat Prime Minister Algirdas Butkevičius. […]
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