Seimas likely to extend reduced VAT until next June

Euros and the heating
DELFI / Kiril Čachovskij

Ramūnas Karbauskis confirmed to BNS that the parliament would vote on Tuesday on extending the reduced VAT rate on district heating.

“Municipalities are clearly boycotting our idea through public statements. I think that would even make sure that people line up (to claim compensation for heating costs),” he told BNS.

“We (the LPGU) will vote tomorrow to extend the reduced rate,” he added.

Karbauskis noted, however, that next year’s draft budget does not provide for funds to cover the loss of VAT revenue.

“Something will be affected. It may be the state’s public investment program or something else,” he said.

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