VAT exemption

The Lithuanian parliament started on Thursday debates on a proposal to reintroduce a reduced 9 percent VAT rate on district heating in October through the end of the year.

The Lithuanian government has decided to reintroduce a reduced 9 percent VAT rate on district heating in October through the end of the year.

Lithuania's government is keeping its promise to reintroduce a reduced value-added tax (VAT) on heating, with Finance Minister Vilius Šapoka pledging to submit relevant amendments to the Cabinet on Wednesday.

Lithuania's President Dalia Grybauskaitė has pledged to sign legal amendments on reforms of the forestry sector, giving a critical opinion of the process of their adoption.

The Lithuanian Social Democratic Party (LSDP) will likely decide in late September or early October whether or not to stay in the ruling coalition with the Lithuanian Farmers and Greens Union (LFGU), Gintautas Paluckas, the LSDP chairman, said on Wednesday.

After Lithuanian politicians have reached agreement on reintroducing a reduced VAT rate for district heating, a lower rate will likely start to be applied as soon as this fall, Finance Minister Vilius Šapoka said.

The reduced value-added tax (VAT) rate on heating in Lithuania could be 15 percent, says Parliamentary Speaker Viktoras Pranckietis.

After the ruling Lithuanian Farmers and Greens Union promised to the opposition conservatives to bring back the value-added tax (VAT) discount, the parliament on Tuesday approved the restructuring scheme of the country's forestry sector that has triggered heated debates in the society.

Reintroducing a reduced VAT rate on district heating and hot water services may hold back the government's planned tax reform, Swedbank Lithuania's chief economist Nerijus Mačiulis warned on Tuesday.

Juozas Olekas, a member of the Lithuanian Social Democratic Party's (LSDP) political group in the Seimas, has accused the Lithuanian Farmers and Greens Union (LFGU), the senior coalition partner, and the opposition Homeland Union–Lithuanian Christian Democrats of trading in influence.

The leader of the Lithuanian Farmers and Greens Union (LFGU) says that the makeup of the government coalition remains unchanged after the senior coalition partner on Tuesday signed a deal with the Homeland Union–Lithuanian Christian Democrats under which the opposition party will back the government...

A draft amendment tabled by the Lithuanian Social Democratic Party (LSDP), the Lithuanian Farmers and Greens Union's junior ruling coalition partner, to reintroduce a reduced VAT rate on district heating and hot water services is "a slap in the face", Prime Minister Saulius Skvernelis said on Wednes...

The reduced 9-percent VAT rate on district heating will remain in place until next June, the chairman of the ruling Lithuanian Peasant and Green Union (LPGU) said on Monday, admitting that municipalities have forced them to drop, at least for now, the idea of raising the rate to the standard 21 perc...

Raising the reduced 9-percent VAT rate on district heating to the standard 21-percent rate is an untimely and improper move, Lithuanian President Dalia Grybauskaitė said on Monday.