Tackling tax evasion sees Lithuanian government tax revenues rise 7%

Ministry of Finance
DELFI / Valdas Kopūstas

Tax revenue in 2015 beat projections, increasing by 7.1%, or €470.6 million, on 2014. The Finance Ministry announced on Wednesday that the central government and municipalities collected €160.9 million, or 2.3%, more revenue than projected for the year.

“As we had promised, we stepped up efforts to ensure transparency of paying taxes. We stepped up control over companies trading in oil products, individuals whose assets and spending did not match their income, cash transactions, unaccounted wages,” Butkevičius said.

Advertisement

Central and municipal budget revenues hit €7.108 billion in 2015. Lithuania’s central government had projected collecting €5.666 billion in tax in 2015, but actual revenues were €5.728 billion, or 1.1% above the target, representing a 5.4% increase on the year before.

Municipal budgets also did better than planned. Their tax revenues in 2015 stood at €1.379 billion, 7.7% above target, and 14.7% more than the year before.

Advertisement
You may like

Be the first to comment

Leave a Reply

Your email address will not be published.


*