Lithuanian Prime Minister-designate Saulius Skvernelis says that the existing personal income tax incentive for life insurance has failed to achieve its goals and has to be reviewed. […]
The Peasant and Greens Union promises a tax reform. It promises much on paper, but according to some economists, lacks specifics. Prime Minister candidate Saulius Skvernelis has announced that private income tax would rise almost […]
With the elections less than two weeks away the Lithuanian Free Market Institute looks at some of the key points of the Labour Party electoral programme and their significance. […]
Lithuania‘s President Dalia Grybauskaitė has welcomed the ruling coalition‘s plans to increase non-taxable income for workers to €310 saying she believed it would help reduce poverty. “The modest funds that we have in the current […]
While waiters at restaurants and cafes in Lithuania receive part of their remuneration in tips, taxing this part of income is a grey area. A new legislative proposal would make tips subject to income tax. […]
Vilnius led the way in the level of taxes it collected per capita at an average of €800 in 2015, a far higher amount than any other Lithuanian municipality, emphasising the gap between the capital […]
Lithuanians fail to claim millions in income tax exemptions they are entitled to each year. Experts say the reasons might be over-complicated tax declaration system or the fact that people do not know or forget […]
The first screening of the BBC’s War & Peace in Vilnius this Saturday saw some of the heavy hitters of the Lithuanian film and culture industry mingle with the British BBC crew. With the BBC having shot this major production in Lithuania and the implementation of new tax incentives, the country’s film industry is seeing a surge. […]
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