VAT cuts for meat will not lower prices – Lithuanian president’s adviser

VAT cuts are not the best way to rein in rising food prices, says the Lithuanian president’s top adviser. […]


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 Ministry estimates the measure’s impact of public finances. […]

Kęstutis Lisauskas

New taxes may be introduced if more personal income tax is allocated to Vilnius, expert says

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. […]

No Picture

Economy, war and euro: why are Lithuanians so pessimistic?

According to opinion polls, the Lithuanian public is growing increasingly pessimistic about the country’s economic outlook. This, says economist Žygimantas Mauricas, has a lot to do with the economic stand-off between the European Union and Russia as well as fears about the euro adoption. […]