tax

The average pre-tax wage has risen slightly higher in Lithuania, compared to Latvia and Estonia, adjusted for the indexation following tax changes introduced early this year.

The Lithuanian prime minister has said recently that a car tax will be introduced in the country in January, 2020, but President Gitanas Nauseda sticks to the previous position that such a tax is not necessary yet since it would increase social exclusion.

Lithuania's alcohol control policy based on bans and tax increases has failed to have any major influence on consumption habits, according to a survey carried by scientists from Vilnius University.

With Lithuania considering levying a tax on polluting vehicles in 2020, Finance Minister Vilius Sapoka says both taxes and incentives are needed to encouraged drivers to switch to more environmentally-friendly cars.

With the Lithuanian government considering levying a tax on polluting cars, a senior Environment Minister official says the tax could start at 20 euros annually.

There is still a lot of unanswered questions about Brexit situation after 29 March 2019. This is the official date of UK withdrawal from the European Union. While there is little time left, there is no clarity about the conditions. Emigrants and Lithuanians who have already came back to Lithuania ha...

The Lithuanian president's office sees no major drawbacks in the government's proposed tax changes aimed at increasing the poorest people's income and expects constructive discussions on the plan, an advisor to President Dalia Grybauskaitė said on Tuesday.

Lithuania's richest man Nerijus Numavičius, who has lived in London since June 2015, will declare his 2016 income and pay taxes for the year solely in the United Kingdom.

The Lithuanian government's proposed tax changes are primarily aimed at improving the situation of small-sized businesses and low earners and cannot be called a fundamental reform, analysts told BNS.

The Lithuanian government of Prime Minister Saulius Skvernelis has stepped back on its intentions of consolidating income-related taxes on the employee side, including the social insurance fees currently paid by the employee. The Cabinet has decided to shift its focus on reduction of the tax burden ...

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.

European Commission (EC) Vice-President Valdis Dombrovskis has stated in Vilnius that Lithuania should give up some value-added tax (VAT) privileges amid projected growth of state spending, as well as improve the collection of VAT and residents' income tax. He also stressed the substantial progress ...

The excise tax rate for strong alcoholic beverages will rise by 23 percent next March and that for wine and beer will surge by up to 112 percent, which will drive drinks prices up by up to 1 euro per bottle.

The current government has no plans to introduce any new taxes, says Lithuania's new finance minister, backtracking from her earlier statement that real estate and car taxes were only a matter of time. To read this article, try a €5.99 monthly subscription by clicking here.

Rasa Budbergytė, Lithuania’s former representative at the European Court of Auditors, has been appointed as the country’s new finance minister. To read this article, try a €5.99 monthly subscription by clicking here.

Lithuania has exceeded tax collection targets for January-May this year, the Ministry of Finance says.