Lithuania scraps reduced VAT on heating, hot water

Lithuania’s value-added tax rate on district heating and hot water supply increases starting on Thursday, from the reduced 9 percent rate to the standard 21 percent, but so does the number of households eligible for partial reimbursement of heating and hot water costs. […]


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. […]