Lithuanian Prime Minister Saulius Skvernelis says that the government's proposed tax changes are primarily aimed at increasing people's income.
© DELFI / Karolina Pansevič

"The main direction is simple: we have to grow people's income so that they can earn more money. We need to reduce the tax burden on labour. We must create favorable conditions for our and foreign businesses to innovate and continue investing in new technologies," he told LRT Radio on Tuesday morning.

According to the prime minister, the reform will cover tax changes designed to improve the working middle class's income.

"We plan to continue expanding children's benefits and the package of services to children. There are also other things related to structural reform, health care and education," he said.

Skvernelis said that the government did not plan to introduce any new taxes, but would review certain fees and charges.

Finance Minister Vilius Šapoka said last week that the planned changes would increase the progressivity of taxes and reduce the taxation of labor.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Finance Minister: Lithuania won't get into 'excise wars' with Estonia, Latvia

Lithuania has no intention of following in the footsteps of Estonia and Latvia by cutting excise...

Crisis investigators in principle approve final conclusions

The Lithuanian Seimas' Committee on Budget and Finance , investigating the circumstances of the...

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...