Government to consider raising non-taxable income level

On Monday, the Government intends to return to the Seimas‘ proposal to increase the non-taxable income (NPD) to €350.

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Credit unions oppose regulation aimed at solidifying the market

Part of the credit unions operating in Lithuania are opposing a new law aimed at solidifying the market. The Ministry of Finance drafted the law in response to a series of bankruptcies three years ago […]


Lithuania to get low fee basic bank account under new proposal

The idea of a basic bank account that would attract a low flat fee and allow Lithuanians to get a complete service package in one account at a fixed commission is being moved forward by […]

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Tax revenues ahead of projections so far

Lithuania’s central government and municipalities collected €1.132 billion in taxes over January-February 2016, exceeding the target by €25.1 million, or 2.3%, the Finance Ministry said. […]