tax

The Lithuanian parliament will discuss a proposal of Deputy Parliament Speaker Algirdas Sysas, a social democrat, that employers who pay their employees below minimum wage be made to pay higher contributions to the Sodra, the social insurance system.

On Wednesday, the Cabinet of Lithuania rejected the proposal to introduce progressive rates of personal income tax in the country.

The level of VAT revenue collected in Lithuania is well below that which could be collected, the European Commission has said.

The Lithuanian government has approved an rise in taxes on amber extraction as the country prepares to launch a tender for the exploration and extraction of its amber resources.

The Ministry of Environment would like to raise taxes for amber extraction in Lithuania. It has proposed a 44-fold increase in taxes for a kilogramme of amber pieces larger than 40 millimetres.

The private holding company Vilniaus Prekyba UAB, one of the largest Lithuanian groups of private companies and owner of the international retail chain Maxima, has rejected reports in the media that the company is using tax evasion schemes.

On Thursday, 11 June, Lithuania's Constitutional Court ruled that legal regulations that distribute personal income tax (PIT) to municipal budgets contravened the Constitution. Only 40 percent of PIT used to be transferred to Vilnius City Municipality based on these regulations. The Vilnius authorit...

Limiting Vilnius' share of personal income tax revenues collected in the city goes against the Constitution, the Constitutional Court said on Thursday in a ruling that will take effect on January 2, 2016.

Lithuania has received recommendations from the European Commission on the most pressing issues in the economy that need addressing. Disturbingly, over 30 percent of people in Lithuania face poverty risk, labour taxes are punishing, while levies on wealth - less detrimental to economic growth - are ...

Prime Minister Algirdas Butkevičius has assured that the government of Lithuania is not planning to propose any new tax laws in the nearest future.

The Lithuania Tribune /EN.DELFI TV spoke to Robert Juodka, managing partner of the Law firm Varul, and the Chairman of Estonian Chamber of Commerce about similarities and differences of the Baltic states' taxation systems.

The parliament of Lithuania has adopted amendments to the Law on Excise Duty. The bill introduces higher excise duty rates on beer, wine and other fermented beverages, intermediate products, ethyl alcohol, cigarettes, cigars and cigarillos starting in March 2015.

120s: Land tax for new apartment owners, Bad timing for important shipment, Russia flexes muscles in Baltic Sea, Bear cub comes to shop.

Prime Minister Algirdas Butkevičius says that he opposed a universal tax on real estate.

The Lithuania Tribune spoke to Ms Asta Strazdaitė, adviser of the Tax Payers Department at the State Tax Inspectorate of Lithuania. We discussed the recent nomination for the national tax administration at the European Enterprise Promotion Awards and SME Assembly in Italy, which, according to Strazd...

In a sharp reversal to its previous stance, the current ruling majority is already mulling a possibility to introduce a car tax, the Lietuvos Rytas daily reports on Thursday.

120s: Tax changes: expect dearer alcohol and cigarettes, Russia prepares for the worst: Oil at USD 60 per barrel, Escalation of sanctions is possible, Lithuania's defence budget up by one third, A portrait of American identity.

Shale gas production in Lithuania shall be taxed at 1 percent in the first three years, instead of applying the previously proposed rate of zero tax, the government has ruled on Monday.

Lithuanian Prime Minister Algirdas Butkevičius claims that the government is not planning to make any major changes to the tax system next year or introduce any new tax exemptions. He adds that a rise in the excise duty on alcoholic drinks is considered.