CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Lithuanian Lawmakers Propose VAT Rate Changes

Lithuanian Lawmakers Propose VAT Rate Changes

by Ulrika Lomas, Tax-News.com, Brussels

30 September 2014


A number of proposals to amend Lithuania's value-added tax rates have been put forward by members of the Social Democrat Party, the leading force in Lithuania's coalition Government.

The Party has proposed a hike to the VAT rate on supplies of municipal central heating and hot water. Under the proposals, the 9 percent reduced rate would be replaced by the headline 21 percent rate.

The Liberal Party – Lithuania's fourth largest – attacked the proposal saying that it would unfairly impact poorer households. It said it would seek to block the proposal.

In August, Bronius Bradauskas of the Social Democrats also proposed that a five percent reduced rate of value-added tax should apply to meat, fish, and animal products, noting that Poland has a similar concession in place. The proposal has been included in draft legislation tabled by a group of lawmakers in September.

TAGS: VAT rates | tax | value added tax (VAT) | law | legislation | tax rates | Lithuania

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »