CORPORATE
Changes to Sodra taxes in the making
Is it right for one person to pay 5 euro for a service, while another – 10 euro for the same? Most would likely say that’s unfair. However when talking about social insurance this argument […]
VAT
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. […]
Economy
Competition, not reduced VAT can lower food prices – Lithuanian PM
A reduced value-added tax (VAT) on the key food products cannot ensure lower prices for buyers, Lithuania’s Prime Minister Saulius Skvernelis told the national radio LRT on Tuesday. […]
CORPORATE
Secret tax plan – interest in giving up on one of the main promises is expressed
The Government has prepared a plan for tax reconstruction which was already presented to both the Peasant and Green Union and the social democrats on Wednesday, and will be presented to the public on Friday. […]
Economy
Economy
Lithuanian electronics firms suspected of tax evasion
Lithuanian companies selling mobile phones, laptops and other electronic devices are suspected causing about 750,000 euros in damage to the state budget via value-added tax (VAT) fraud schemes, the Financial Crime Investigation Service said on Monday. […]
CORPORATE
Skvernelites against Karbauskites – who will prevail?
Though the leaders of the Lithuanian Peasant and Greens Union (LPGU) have kept repeating that they will work with the ministerial cabinet as one, but the first steps of the new government have been accompanied […]
Uncategorized
Lithuania will have to improve its reputation in Rail Baltica project
Lithuania will have to improve its reputation that has been harmed by the country’s inability to find common ground with its partners in Rail Baltica and to prove that it is not holding back the European standard-gauge railway project, Rokas Masiulis, the new transport minister, said. […]
Economy
Politics
New Govt program features less clarity on taxes, future of pension funds
The program of the coalition government of the Lithuanian Peasant and Green Union and the Social Democratic Party no longer features specific proposals on planned tax reform, also giving a vague idea of the possible changes of the pension scheme. […]
Defence
Opposition criticizes draft 2017 budget as ‘semi-finished product’
Lithuania’s opposition lawmakers say that next year’s budget drafted by the outgoing government is “a semi-finished product” that should not be taken seriously. […]
CORPORATE
ELECTIONS Promises. Economics – what voting shows
All parties stress the importance of the economy and businesses, pledging to improve conditions in those sectors every election. Various abstract propositions help getting seats in the Seimas. Unfortunately the voting results do not always […]
Politics
Emigration a key topic in Seimas elections
Mass emigration from Lithuania has become a key topic in this year’s general elections, with most political parties vowing to create more well-paid jobs to lure people back home, but laying emphasis on different aspects of achieving this goal. […]
CORPORATE
ELECTIONS. Kubilius and Budbergytė debate on taxation
Both the coalition government and the opposition parties agree that too little tax revenue is collected in Lithuania and also that there is a need to reduce labour and property taxation. The means to do […]