Lithuanian Prime Minister Algirdas Butkevičius claims that the government is not planning to make any major changes to the tax system next year or introduce any new tax exemptions. He adds that a rise in the excise duty on alcoholic drinks is considered.
© Shutterstock nuotr.

"Introducing new exemptions is out of the question. Certain steps have already been made toward eliminating the existing ones: decisions have been made on taxing investment capital," the prime minister said in an interview to the business daily Verslo Žinios.

"The issue of raising excise tax rate for alcoholic drinks remains to be settled. Proposals regarding amendments in the area of alcohol excise taxes will be submitted along with next year's budget proposal and will likely come into effect in the second quarter of next year," he said.

Butkevičius has said earlier that alcohol producers asked to raise the tax gradually, over the period of several years, rather than in a sharp hike; the government is therefore working on respective amendments to the Law on Excise Duty.

Broadening the real estate tax base to include all properties is not in the plans for next year either, but the non-taxable real property threshold should be lowered to 750,000 litas (EUR 217,400), from 1 million litas, he said.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.

Preparations for possible Astavyet's accident discussed

A temporary group of the Lithuanian Seimas will on Wednesday discuss the country's preparation for a...

Watchdog: Google won't ban use of its servers to access file-sharing site

Mantas Martisius, the chairman of the Lithuanian Radio and Television Commission ( LRTK ), says the...

IMF: Lithuania is better prepared for challenges

Lithuania's economy is stable and the country is better than ever prepared for challenges, the head...

Government set to approve guarantees for outgoing president

The Lithuanian prepares to approve guarantees for outgoing President Dalia Grybauskaite .

Lithuanian laser professionals at world's largest laser photonics exhibition

On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most...