The Ministry of Environment would like to raise taxes for amber extraction in Lithuania. It has proposed a 44-fold increase in taxes for a kilogramme of amber pieces larger than 40 millimetres. […]
The private holding company Vilniaus Prekyba UAB, one of the largest Lithuanian groups of private companies and owner of the international retail chain Maxima, has rejected reports in the media that the company is using tax evasion schemes. […]
On Thursday, 11 June, Lithuania’s Constitutional Court ruled that legal regulations that distribute personal income tax (PIT) to municipal budgets contravened the Constitution. Only 40 percent of PIT used to be transferred to Vilnius City Municipality based on these regulations. The Vilnius authorities have lauded the ruling which will allow it to claim more tax money from the central government. […]
Limiting Vilnius‘ share of personal income tax revenues collected in the city goes against the Constitution, the Constitutional Court said on Thursday in a ruling that will take effect on January 2, 2016. […]
Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth – less detrimental to economic growth – are all but non-existent. Experts say the first steps would be introducing tax on real estate and cars. […]
Prime Minister Algirdas Butkevičius has assured that the government of Lithuania is not planning to propose any new tax laws in the nearest future. […]
The parliament of Lithuania has adopted amendments to the Law on Excise Duty. The bill introduces higher excise duty rates on beer, wine and other fermented beverages, intermediate products, ethyl alcohol, cigarettes, cigars and cigarillos starting in March 2015. […]
Prime Minister Algirdas Butkevičius says that he opposed a universal tax on real estate. […]
Lithuanian Prime Minister Algirdas Butkevičius claims that the government is not planning to make any major changes to the tax system next year or introduce any new tax exemptions. He adds that a rise in the excise duty on alcoholic drinks is considered. […]
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