State Tax Inspectorate

The State Tax Inspectorate (VMI) says that 484 thousand Lithuanian residents donated a total of EUR 26.8 million as part of their personal income tax (GPM) in 2022.

State-owned electricity and gas supplier Ignitis paid the highest amount of taxes to the Lithuanian budget in the first quarter of 2023, overtaking AB Orlen Lietuva, long-time leader among tax payers, Verslo žinios business news portal (vz.lt) reports.

Real estate last year made up the bulk of the declared assets of Lithuanian President Gitanas Nauseda and his wife, Diana, and the family's debts totaled almost 100,000 euros.

The Seimas approved special aid and support measures for employees, the self-employed, people who lost their jobs and employers after quarantine. Most of these measures will be applied temporarily, until the country succeeds in recovering from the shock of the coronavirus pandemic. However, social b...

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March, the director of the State Tax Inspectorate said on Thursday.

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...

Justice Minister Elvinas Jankevicius is the richest member of the Lithuanian government, having declared family assets worth 727,000 euros.

There are four millionaires among Lithuanian lawmakers and they include Ramunas Karbauskis, leader of the Lithuanian Farmers and Greens Union, liberal MP Kestutis Glaveckas, Gabrielius Landsbergis, leader of the opposition conservative Homeland Union – Lithuanian Christian Democrats, and the party's...

After the European Commission recommended on Wednesday that Lithuania broaden its property tax base, Prime Minister Saulius Skvernelis said he does not think that people's primary homes should be taxed.

Lithuanian Finance Minister Vilius Sapoka attempted to calm those who fear Lithuanians will rush to the neighboring countries of Latvia and Estonia to buy alcohol after Estonia will cut its alcohol excise by a quarter and Latvia plans to follow.

The Lithuanian Constitutional Court ruled on Thursday that criminal intelligence data can be used in investigating misconduct in office by public officials.

The State Tax Inspectorate (hereinafter referred to as the STI) hereby informs that the operational analysis of Lithuanian residents who trade in online marketplaces and offer services on sharing economy platforms, which has been carried out by the Bussines in Electronic Area and By Electronic Means...

Saulius Skvernelis has announced he will participate in the presidential elections during a meeting with the local community of Rusnė. Some knew beforehand, what will happen during the prime minister’s official visit to inspect the construction work on an overpass, some didn’t, however the construct...

The government has taken aim at the informal economy, just as many prior to it has. This time, the construction sector, meat produce trade, healthcare institutions and minor traders are in its sights, lrt.lt writes.

Darius Mockus, president and the sole shareholder of the MG Baltic business group, has been ordered by a Vilnius court to pay the state almost 2 million euros in taxes for the shares in Minvista, an investment company, he and his wife sold several years ago.

Lithuania's government plans to collect around 200 million euros in revenue from the shadow economy next year, the finance minister says.

Lithuania's government is considering introducing asset, income and interest declarations for journalists, and also barring politicians from becoming shareholders in media companies.

Justice Minister Elvinas Jankevičius and Transport Minister Rokas Masiulis are the richest members of Lithuania's Cabinet. And Health Minister Aurelijus Veryga accumulated the lowest amount of assets and savings last year.

The assets of Lithuania's leaders grew last year when President Dalia Grybauskaitė had assets and savings forth 852,000 euros, and Prime Minister Saulius Skvernelis and his family had assets worth almost 230,000 euros.

Lithuanian Finance Minister Vilius Šapoka says he sees no major risks after central government and municipal budget revenues for January to May fell short of the projected levels.