shadow economy
1 billion EUR is lost in VAT revenue a year due to shadow economy
The Lithuanian state loses around a billion euros in VAT revenue every year due to the shadow economy , despite active efforts to combat the phenomenon,...
Self-employed people mull alternatives as taxation changes loom
With Lithuanian authorities considering converging the taxation of self-employed and salaried income, some self-employed people may begin to look for a...
Finance minister: shadow economy visibly shrinks in country
The scope of shadow economy has visibly decreased over the past decade in Lithuania, Finance Minister Vilius Sapoka says as it has become fashionable to...
Police chief proposes to restrict certain businesses, cash transactions
Lithuanian Police Commissioner General Linas Pernavas sees the frequent use of cash as a key factor in the shadow economy and proposes to consider...
Fausta Marija Leščiauskaitė
