Committee on Budget and Finance

Conservative party to expel Majauskas

The Supervisory Committee of the Homeland Union-Lithuanian Christian Democrats (TS-LKD) convened on Monday and decided that MP Mykolas Majauskas, chair of...

Non-taxable income rate to reach EUR 625 as of January

On Tuesday, the Seimas adopted amendments to the law on the personal income tax aimed at raising the non-taxable income rate by EUR 85 to EUR 625 as of 1...

Seimas approves Governments’s proposal to raise non-taxable income rate

The Seimas has approved the draft law on the personal income tax aimed at raising the non-taxable income rate by EUR 85 to EUR 625.

Seimas returns 2023 budget bill to govt

Lithuanian lawmakers on Thursday held their first hearing of the 2023 state budget bill and returned it to the government. Ministers will now look into...

Minister supports extending lower rate VAT on restaurants for entire year, not just 6 months

Minister of Economy and Innovation Aušrinė Armonaitė supports the proposal that the reduced rate value added tax (VAT) of 9% on restaurants, culture and...