Although, the value added tax (PVM) exception was eliminated with an easy hand. It would appear that the same hand is not in a hurry to remove the benefits and/or reduce them in regards to […]
Lithuania’s government discussed at a closed meeting on Monday the draft tax reform prepared by the Finance Ministry, sources told BNS. […]
Lithuania’s ruling coalition has said value-added tax rates will not be changed but that worker’s non-taxable income level will be increased to €310. Order and Justice chairman Rolandas Paksas announced these plans after the ruling […]
The recommendations submitted to Lithuania by the European Commission are largely the same as they’ve been over the last few years, pointed out Swedbank economist Nerijus Mačiulis. According to him, this shows that Lithuania’s reforms […]
The Social Democrats proposal to reduce VAT for fresh and chilled meat to make it more affordable has been criticised by the opposition and economists. But is it a credible proposal? “They are now aiming […]
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. […]
Lithuania’s Labour party are proposing to cut VAT on basic food products from 21% to 5% under new proposals. “We propose to reduce VAT from 21% to 5% to food products: bread, fresh meat, fish, […]
With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament. MPs have submitted several bills suggesting cutting value-added tax (VAT). Some proposals have been discussed more extensively than others, but there is still no clear agreement on a number of points concerning the cuts. […]
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. […]
The Lithuanian government could collect more revenue from the value-added tax (VAT) by lowering the rate and thus cutting the black market, according to a SEB Bank economist. […]
The currently existing value-added tax (VAT) of 21 percent can stand to be reduced, believes Prime Minister Algirdas Butkevičius. […]
A reduced value-added tax (VAT) rate should apply to basic food products, according to a new bill being proposed by a Labour Party MP. […]
The level of VAT revenue collected in Lithuania is well below that which could be collected, the European Commission has said. […]
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 Seimas of Lithuania has closed its fifth ordinary autumn session with 45 plenary sittings held from 10 September to 23 December and around 360 laws, 65 resolutions and 5 other legal acts adopted, the press service of the Seimas said. […]
Lithuanian Prime Minister Algirdas Butkevičius says that the ruling coalition has left room for populism in the future when it rejected proposals to lift VAT exemption on heating. He says that the coalition should deliberate whether it has enough political will to admit that the VAT exemption should be left in place for an indefinite period. […]
Liberal Member of the Lithuanian Parliament Eligijus Masiulis registered a draft law proposing to temporarily extend the reduced VAT rate on the supply of heating and hot water until 31 December 2015. […]
Unlike some members of the ruling majority, Prime Minister Algirdas Butkevičius does not see any possibilities to introduce VAT exemptions for meat next year. […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes