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
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.

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

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general...

One in 3 Lithuanians feels anxious about money

Thirty-nine percent of Lithuanians feel anxious about their finances every day, which adversely...

Simonyte: key budget issue is what to do with borrowed money (1)

The key question related to Lithuania's next year budget is what will be done with borrowed money...

Minister: Lithuania financially capable of withstanding another coronavirus outbreak

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance...

A new commercial bank has launched operations in Lithuania

PayRay , a Lithuanian financial sector company, has started a new page of its business service...

Top news

Scientists: strict lockdown might be necessary as early as November

Under the most pessimistic scenario, a strict quarantine in Lithuania might be necessary as early as...

Lithuania hands in note to Minsk over Astravyets NPP

Lithuania has on Tuesday handed in a diplomatic note to Minsk over plans to launch power production...

413 new coronavirus cases

On Monday, 413 new COVID-19 cases were detected in Lithuania. Overall, it adds to 11362 confirmed...

Football and basketball officials say ban on fans in stadiums understandable

Lithuania's top football and basketball officials say the government's planned ban on fans in stadiums...

Colin P. Clarke, Asfandyar Mir | D+ nariams

Al Qaeda’s leader is old, bumbling, and a terrorist mastermind

Ayman al-Zawahiri isn’t trying to plan another 9/11 attack—because he doesn’t need to.

|Maža didelių žinių kaina