tax

Tax revenues ahead of projections so far

Lithuania's central government and municipalities collected €1.132 billion in taxes over January-February 2016, exceeding the target by €25.1 million, or...

Proposed tax on bank assets criticised by government leaders

The Electoral Action of Poles in Lithuania (EAPL), a political party representing Lithuania's Polish minority , has suggested implementing new taxes on...

Excise duties on alcohol and tobacco going up

Lithuania is raising excise duty on tobacco and alcohol as of March 1. The government expects the levy to bring in additional €15 million to state...

Where is all money for cash purchases of Lithuanian property coming from?

The number of Lithuanians being able to buy property purely in cash has been steadily multiplying in the last few years – in fact it is hard to imagine how...

Tax authorities start trawl of citizens bank accounts for tax evasion

The government has given the go-ahead for Lithuanian tax authorities to start scrutinising Lithuanians' bank accounts for tax evasion and unaccountable...