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Lithuanian government still plans tax changes

123rf nuotr. / Mokesčiai
Šaltinis: BNS

Lithuanian Prime Minister Algirdas Butkevičius says that the government this fall may submit some additional tax system changes to parliament for approval but gives no details, except that there will be neither a ceiling on contributions to the state social insurance fund Sodra nor taxes on real estate or vehicles.

"Some changes to the tax laws may be submitted to the Seimas along with next year's budget. In don't think there will be any major changes, but we'll decide on those to be proposed in September or October after we assess the need for these changes and the impact on the budget. Because we must maintain strict fiscal discipline," he said in an interview published by Verslo Žinios on Friday.

However, the prime minister would no disclose what changes were planned. He said that certain preparatory work had to be done in order to introduce a blanket tax on real estate owned by private individuals.

Butkevičius also said that there would be no new VAT reductions.

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