Dalia Grybauskaitė

Lithuanian president says VAT cuts will raise supermarket profits, not benefit consumers

Lithuanian President Dalia Grybauskaitė has criticized the government’s suggestions to cut VAT rates on some foodstuffs in order to rein in prices. The measures will benefit retailers, not consumers, the president believes. […]

No Picture

Cost of buying goods from abroad to rise for Lithuanian consumers

From the first of May all consumers will have to pay more for purchases from non-European Union countries. On May 1, 2016, the new EU Customs Code will enter into force and the new code […]

Rimantas Šadžius

Finance minister prefers across-the-board VAT cuts to exemptions on food

Lowering the value-added tax (VAT) rate for all goods and services would be preferable to exemptions on select products, like food, Lithuania’s Finance Minister Rimantas Šadžius. […]

State Tax Inspectorate (VMI)

Where is all money for cash purchases of Lithuanian property coming from?

The number of Lithuanians being able to buy property purely in cash has been steadily multiplying in the last few years – in fact it is hard to imagine how many Lithuanians have been buying a home or apartment using cash – but such luxurious purchases may now have serious consequences. […]