The Seimas of Lithuania lacked several votes on Tuesday to accept a proposal to expand the real estate tax base as of 2020 for consideration and returned it to the government for improvement.
Klaipėdoje, Melnragėje, daugiabučio namo statyba
© DELFI / Virginija Spurytė

41 lawmakers voted in favor of the consideration of such amendments, 26 were against and 25 abstained.

Mykolas Majauskas of the opposition conservative Homeland Union – Lithuanian Christian Democrats asked whether calculations had been made to estimate how many single people, especially pensioners, would have to pay such a tax, and Finance Minister Vilius Sapoka said there would not be that many of them.

Meanwhile, Ingrida Simonyte, a HU-LCD member and chair of the parliamentary Committee on Audit, predicted that rich people would try to avoid paying such a tax by moving their personal assets "to their companies".

And liberal MP Simonas Gentvilas was angered by the fact that a real estate tax exemption was left I place for farmers.

The proposed amendments would see the reduction of the non-taxable value of non-commercial real estate from 220,000 to 100,000 euros.

If such changes are adopted, the state and municipalities would net around 9.2 million euros in additional revenue a year.

BNS
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