The court has ruled that some public statements made by businessmen Mindaugas and Gintaras Marcinkevičius about a former business partner and major shareholder of one of the biggest Lithuanian enterprises VP Grupė Nerijus Numavičius are untrue and should be denied publicly, although most of them sho...
taxes in Lithuania
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Lithuania's finance minister says there should not be any major changes in taxation after October's general elections, but adds that state finances should work towards ensuring sustainable economic growth. To read this article, try a €5.99 monthly subscription by clicking here.
The currently existing value-added tax (VAT) of 21 percent can stand to be reduced, believes Prime Minister Algirdas Butkevičius.
The Electoral Action of Poles in Lithuania (EAPL), a political party representing Lithuania's Polish minority, has suggested implementing new taxes on bank assets and major retail chains' turnover based on similar moves in Poland.
International companies like Google are making deeper inroads into the economies of the Baltic states, but they still choose to pay taxes in European Union countries with more favourable tax conditions.
A reduced value-added tax (VAT) rate should apply to basic food products, according to a new bill being proposed by a Labour Party MP.
It still pays to defraud, steal and avoid taxes in Lithuania, the country's President Dalia Grybauskaitė said on Monday, commenting on the Court of Appeals verdict in the Labour Party's fraudulent bookkeeping case.
Lithuania will not introduce progressive taxation because there are too few high-earners, according to the country's social democrat Prime Minister Algirdas Butkevičius.