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Lithuania's new Finance Minister Gintare Skaiste acknowledges that she was forced to direct almost all of her attention to the coronavirus pandemic and the 2021 budget bill during the first days in office. But, she says, discussions on the future of the taxation system should start next year, as wel...
Lithuania's new government is planning to review all existing tax incentives, including the excise tax discount for diesel fuel used by farmers, Finance Minister-designate Gintare Skaiste said on Tuesday, noting that the state loses at least 2 billion euros in budget revenue annually because of the ...
That the Lithuanian Farmers and Greens Union is backed by the shareholders of various companies is a circumvention of the law, which not only the Central Electoral Commission (VRK) should take interest in, but also security institutions, Homeland Union – Lithuanian Christian Democrats Seimas group m...
The Lithuanian parliament on Friday took another step toward adopting a part of the government's proposed tax reform package, including setting a ceiling on social insurance contributions, shifting a part of these contributions onto the employee and taxing it at 19.5 percent, and using only central ...