PM Skvernelis says govt to decide on further tax reform this month

“As to structural reforms, preparatory work is currently being finalized. The government will this month make final decisions and will then present them to the ruling political groups in the Seimas and will then put them up for a broad public discussion,” he said on Žinių Radijas on Thursday morning.

According to the prime minister, these changes will be aimed at further improving the financial situation of the lowest income earners, while at the same time paying attention to the middle class.

“We must promote further economic growth. Therefore, tax changes will be focused on encouraging and developing businesses, rather than on increasing the tax burden,” Skvernelis said.

“One of the problems is the labor and payroll tax burden. Our aim is to reduce it and consolidate the employer and employee taxes,” he said.

Related Post

The prime minister said that the government did not plant to discard “a certain level of progressiveness”.

“As to pensions, decisions need to be taken, because (…) we see the number of employed people decreasing and our society aging. The birth situation is not encouraging either,” he said.

Skvernelis added that the government had no plans to nationalize second-pillar pension funds.

Share

Recent Posts

  • Latest

Message from the President’s Office to Paluckas on Žemaitaitis

While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…

4 weeks ago
  • Economy

Surprised by what’s happening in Lithuania: this is what makes us stand out in the EU

Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…

1 month ago
  • Politics

Will the coalition shut the door on Žemaitaitis?

"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…

1 month ago
  • Tribune

Airvolve has begun the patenting process for an exclusive aircraft

Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…

1 month ago
  • Latest

Bruveris. The world in 2025: a continuation of last year’s collapses towards new fires

The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…

2 months ago
  • Tribune

Why Fine Dining Is Gaining Popularity in Vilnius?

In recent years, Vilnius, the vibrant capital of Lithuania, has experienced a culinary renaissance. While…

2 months ago