Prime Minister Algirdas Butkevičius says that he opposed a universal tax on real estate.
© K. Cemnolonskio nuotr.

"I believe that the property market is not that much developed in Lithuania. Young families take out loans and build their houses. I really would not like to see those new houses, built from loaned money, to be taxed right away. For the time being, the tax is premature, real income of people is not big enough and we are not planning to increase the tax burden even more to those whose income is low and whose real estate value is low as well," the prime minister said on the radio Žinių Radijas.

The International Monetary Fund has repeatedly recommended that Lithuania introduce a real estate tax.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Government expected to approve Amber Grid's security plan

The Lithuanian government is expected to endorse this week the security plans of the natural gas...

One more victory for Vilnius: Finnish company chose Lithuanian capital for its business services office

Metso has decided to establish a new Metso Business Services (MBS) center in Vilnius , the...

Klaipeda expects record number of cruise ships next year

Lithuania's port of Klaipeda says next year's cruise season should be the best on record, the...

Calls for Lithuania to focus more on climate change

Lithuania is among leaders in Europe in seeking energy independence but the country still lags behind...

Hot weather has brought harvest time earlier

Hot weather during this summer has brought harvest time earlier in Lithuania as the winter barley...