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2013 07 16

Lithuania’s construction industry wants tax exemptions

Introduction of tax incentives for construction companies could curb local labor force emigration, Dalius Gedvilas, new president of the Lithuanian Builders Association, believes.
Vilniaus aplinkkelio statybos darbai
Construction / Andriaus Repšio nuotr.

In particular, the builders want a tax exemption on reinvested profits.

“If the authorities applied tax incentives to building companies, this might help prevent local labor force emigration. We are not talking about traditional tax breaks. We urge to exempt reinvested profit from tax,” Gedvilas said in an interview to the Lietuvos Žinios daily.

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