Energy
VAT exemption
Economy
Economy
Minister of Finance to advise Government return 9% VAT on heating in October
Lithuania’s government is keeping its promise to reintroduce a reduced value-added tax (VAT) on heating, with Finance Minister Vilius Šapoka pledging to submit relevant amendments to the Cabinet on Wednesday. […]
CORPORATE
How “green” are the Farmer Greens’ decisions?
The Lithuanian Farmer and Greens Union won the parliamentary elections pledging to perform effective reforms and establish “harmony”. Among other things, the electoral programme promised “harmony of man and nature”, which was to be ensured […]
Economy
Vasiliauskas – we can expect a positive influence on our country’s main issue
Returning from the head banker meeting in Frankfurt recently, the head of the Bank of Lithuania Vitas Vasiliauskas states that wage growth in Lithuania is, on one hand, a positive factor, however on the other […]
CORPORATE
The end of the political season. Who obtained what?
While the cities were drowning from rain, Prime Minister Saulius Skvernelis and the Farmer Greens were trying to save their drowning positions from the political river. He succeeded, though he was forced to stand upside […]
Politics
President downplays frictions in ruling bloc
Lithuania’s President Dalia Grybauskaitė has pledged to sign legal amendments on reforms of the forestry sector, giving a critical opinion of the process of their adoption. […]
Politics
Social Democrats to decide on staying in Government coalition in late September or early October
The Lithuanian Social Democratic Party (LSDP) will likely decide in late September or early October whether or not to stay in the ruling coalition with the Lithuanian Farmers and Greens Union (LFGU), Gintautas Paluckas, the LSDP chairman, said on Wednesday. […]
Economy
Lithuania won’t have to revise budget due to reduced VAT on heating – Finance Minister
After Lithuanian politicians have reached agreement on reintroducing a reduced VAT rate for district heating, a lower rate will likely start to be applied as soon as this fall, Finance Minister Vilius Šapoka said. […]
CORPORATE
Eight years of President Grybauskaitė – more praise than criticism
Today marks eight years of President Dalia Grybauskaitė in the post of head of state. In recent years of her second term she continued to adhere to her style and methods of work – criticizing […]
Economy
VAT tariff on heating could be 15% – Seimas speaker
The reduced value-added tax (VAT) rate on heating in Lithuania could be 15 percent, says Parliamentary Speaker Viktoras Pranckietis. […]
Politics
Seimas okays forestry sector restructuring initiated by Farmers
After the ruling Lithuanian Farmers and Greens Union promised to the opposition conservatives to bring back the value-added tax (VAT) discount, the parliament on Tuesday approved the restructuring scheme of the country’s forestry sector that has triggered heated debates in the society. […]
Economy
VAT reduction for heating may hold back Lithuania’s tax reform
Reintroducing a reduced VAT rate on district heating and hot water services may hold back the government’s planned tax reform, Swedbank Lithuania’s chief economist Nerijus Mačiulis warned on Tuesday. […]
Politics
Social Democrat accuses Farmers, Homeland Union of trading in influence
Juozas Olekas, a member of the Lithuanian Social Democratic Party‘s (LSDP) political group in the Seimas, has accused the Lithuanian Farmers and Greens Union (LFGU), the senior coalition partner, and the opposition Homeland Union–Lithuanian Christian Democrats of trading in influence. […]
Politics
Government coalition unchanged after Farmers, Conservatives agree on forest reform
The leader of the Lithuanian Farmers and Greens Union (LFGU) says that the makeup of the government coalition remains unchanged after the senior coalition partner on Tuesday signed a deal with the Homeland Union–Lithuanian Christian Democrats under which the opposition party will back the government’s planned state forest management reform in exchange for a reduced VAT rate on district heating and hot water services. […]
CORPORATE
Social Democrats may depart the coalition in autumn?
“The stress test of our coalition with the “Farmers” will be in autumn during the formation of the budget. Then we will see how to act,” Social Democrat leader Gintautas Paluckas told LRT.lt when asked […]
Economy
PM sees Social Democrats’ initiative on VAT on heating as ‘slap in the face’
A draft amendment tabled by the Lithuanian Social Democratic Party (LSDP), the Lithuanian Farmers and Greens Union’s junior ruling coalition partner, to reintroduce a reduced VAT rate on district heating and hot water services is “a slap in the face”, Prime Minister Saulius Skvernelis said on Wednesday. […]
CORPORATE
Skvernelis: normal work will begin once the state budget is approved
Voting regarding the VAT exemption for heating costs did not demonstrate unity between Prime Minister Saulius SKvernelis and colleagues from the party which delegated him. The PM himself says that this happened only because party […]
Economy
Seimas likely to extend reduced VAT until next June
The reduced 9-percent VAT rate on district heating will remain in place until next June, the chairman of the ruling Lithuanian Peasant and Green Union (LPGU) said on Monday, admitting that municipalities have forced them to drop, at least for now, the idea of raising the rate to the standard 21 percent. […]
Economy
President sees scrapping of reduced VAT on heating as untimely, improper
Raising the reduced 9-percent VAT rate on district heating to the standard 21-percent rate is an untimely and improper move, Lithuanian President Dalia Grybauskaitė said on Monday. […]