Value Added Tax

  • CORPORATE
  • Opinion

Benefits to both city and countryside: are the Peasants applying double standards?

Although, the value added tax (PVM) exception was eliminated with an easy hand. It would appear that the same hand…

7 years ago
  • Economy

Government mulls tax reform closed meeting

Lithuania's government discussed at a closed meeting on Monday the draft tax reform prepared by the Finance Ministry, sources told…

7 years ago
  • CORPORATE

What has Lithuania’s ruling coalition decided to do on VAT rates?

Lithuania's ruling coalition has said value-added tax rates will not be changed but that worker's non-taxable income level will be…

8 years ago
  • CORPORATE

Why is the European Commission repeating its recommendations for Lithuania?

The recommendations submitted to Lithuania by the European Commission are largely the same as they've been over the last few…

8 years ago
  • CORPORATE

Are VAT cuts on meat a credible proposal?

The Social Democrats proposal to reduce VAT for fresh and chilled meat to make it more affordable has been criticised…

8 years ago
  • Economy

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…

8 years ago
  • CORPORATE

Labour party proposes huge cut in VAT

Lithuania's Labour party are proposing to cut VAT on basic food products from 21% to 5% under new proposals.“We propose…

9 years ago
  • CORPORATE
  • Opinion

Five taxing questions on Lithuania’s proposed VAT cuts

With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament.…

9 years ago
  • Economy

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…

9 years ago
  • CORPORATE

Lithuania ‘could collect more VAT by cutting rates’

The Lithuanian government could collect more revenue from the value-added tax (VAT) by lowering the rate and thus cutting the…

9 years ago
  • Economy

Decision on VAT cuts for food postponed

Lithuania's ruling coalition has postponed a decision on cutting value-added tax (VAT) on basic food products until after the Finance…

9 years ago
  • Economy

Lithuanian Prime Minister supports controversial VAT cut proposal

The currently existing value-added tax (VAT) of 21 percent can stand to be reduced, believes Prime Minister Algirdas Butkevičius. [...]

9 years ago
  • CORPORATE

Lithuanian parliament may cut VAT on food

The Lithuanian parliament is to consider value-added tax (VAT) exemptions for food staples in a bid to dissuade Lithuanian shoppers…

9 years ago
  • CORPORATE

MP proposes VAT cuts on basic foods

A reduced value-added tax (VAT) rate should apply to basic food products, according to a new bill being proposed by…

9 years ago
  • Economy

European Commission criticizes Lithuania for poor VAT collection

The level of VAT revenue collected in Lithuania is well below that which could be collected, the European Commission has…

9 years ago
  • Politics

Lithuanian government says no tax changes in near future

Prime Minister Algirdas Butkevičius has assured that the government of Lithuania is not planning to propose any new tax laws…

10 years ago
  • Politics

Lithuanian parliament adopts 360 laws in autumn session

The Seimas of Lithuania has closed its fifth ordinary autumn session with 45 plenary sittings held from 10 September to…

10 years ago
  • Politics

Lithuanian PM disappointed with coalition for refusing to lift tax exemptions on heating

Lithuanian Prime Minister Algirdas Butkevičius says that the ruling coalition has left room for populism in the future when it…

10 years ago
  • Politics

Liberal MP proposes to extend VAT exemptions on heating

Liberal Member of the Lithuanian Parliament Eligijus Masiulis registered a draft law proposing to temporarily extend the reduced VAT rate…

10 years ago
  • Economy

Lithuanian PM sees no possibility to reduce VAT on meat

Unlike some members of the ruling majority, Prime Minister Algirdas Butkevičius does not see any possibilities to introduce VAT exemptions…

10 years ago