DELFI / Tomas Vinickas
The proposal would have VAT rates cut from 21% to either 9% or 5%.
According to Butkevičius’ spokeswoman, the proposal will be submitted to the government and the Seimas shortly and a reduced VAT rate, if approved, would be introduced in October.
“A reduced VAT rate of 5% or 9% on chilled and fresh meat is proposed. If the rate were cut to 5%, around €80 million would be needed (to make up for lost budget revenue),” Evelina Butkutė-Lazdauskienė said on Friday.
“According to the prime minister, the cuts are aimed not only at making meat cheaper, but also at providing a stimulus to livestock farming,” she said.
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