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Seimas committee approves of social security tax ceiling

The Lithuanian parliament’s Committee on Social Affairs and Labor on Wednesday approved of a ceiling on employees’ contributions to the state social insurance fund Sodra, back-pedaling on a decision to oppose the measure it took last week. […]

International Monetary Fund
Foreign affairs

IMF calls on Lithuania to tackle social disparity, demographic problems

Experts from the International Monetary Fund (IMF) called on Lithuania to address social disparity and demographic challenges as they completed their mission in Vilnius on Monday. […]

Romas Lazutka

Romas Lazutka. The tax system is functioning, but only for the president and her favourites

When discussing the work for the spring session with the Seimas management, in respect to the ruling party’s promised tax reform, the president stated that, “We shouldn’t break what is already functioning.” Those who are […]

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Seimas approves 2018 budget

Lithuania’s parliament on Tuesday approved the 2018 budget, the first budget in the country’s history with the government sector’s revenue expected to top the spending, and Lithuania finally meeting its commitment to NATO of earmarking 2 percent of the gross domestic product (GDP) to defence. […]