tax

Lithuania's national road carriers' association LINAVA is staging a protest in Vilnius on Wednesday to pay attention to the government's decision to increase the tax rate on daily allowances of posted drivers.

The leader of Lithuania's ruling Farmers and Greens Union expects new taxes on bank assets and major retail chains to be introduced in January and the property tax threshold to be lowered to 150,000 euros.

Lithuania's key business organizations say politicians are violating the national agreement signed two years ago and stipulating that the government would not increase the general tax burden for the business sector.

The Lithuanian parliament decided on Tuesday not to debate – at least not for now – a proposal to tax more than 300 million euros' worth of assets of banks, credit unions and other lenders.

The Lithuanian Cabinet approved on Wednesday a new tax aimed at encouraging people to buy less polluting cars and facilitating the renewal of the country's ageing vehicle fleet, Environment Minister Kestutis Mazeika said.

A proposed tax on banking assets is estimated to bring in 40 million euros in extra annual budget revenue, well below the publicly discussed amount of 100 million euros, the Lithuanian Farmers and Greens Union's leader Ramunas Karbauskis said on Wednesday.

Lithuania's ruling coalition is ready to support a move to tax banking assets, Ramunas Karbauskis, the leader of the Farmers and Greens Union, the biggest party in the parliament, has said.

Tax changes always face resistance, Lithuanian President Gitanas Nauseda said on Friday in response to representatives of the ruling coalition's criticism of his proposed tax changes.

After the Electoral Action of Poles in Lithuania – Christian Families Alliance joined the ruling coalition in Lithuania, more and more possibilities arise to implement the party's plans to tax assets of commercial banks, the Verslo Zinios business daily writes.

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.