aA
The leader of the ruling Lithuanian Farmers and Greens Union admits that the proposed new turnover-based tax on major retailers will not be introduced in January as he expected.
Ramūnas Karbauskis
Ramūnas Karbauskis
© DELFI / Domantas Pipas

"It will probably not be possible to pass that law as of January 1," Ramunas Karbauskis told reporters on Tuesday.

"The opposition does all they can to block that tax. That is sad because retail chains are the business area that could contribute more to the well-being of the state and its people," he added.

Karbauskis said in late November that the new retail tax would take effect on January 1.

However, the parliament's Committee on Budget and Finance on Monday adjourned the consideration of the proposed tax. It is unclear when it will resume discussions, but is clear that a bill on the new tax will not be adopted by Christmas.

The Farmers and Greens Union, the biggest party in the parliament, suggested imposing a new tax on a monthly retail turnover of over 2 million euros, not including VAT, to raise an estimated 32 million euros in additional budget revenue annually.

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

Expert: internet names registered for personal use remains high

The Internet Service Centre DOMREG at Kaunas University of Technology (KTU) – the registry of...

Belarus offered alternative amid supply row with Russia

A crude shipment from Norway for Belarus is expected to arrive in the port of Klaipeda this week...

Coming soon: Tesla supercharger in Kaunas (1)

It seems that Tesla hopes more its cars in Lithuania.

Sources: Lithuania is offered EUR 97 mln to shift to climate-neutral economy

The European Commission offers to provide 97 million euros to Lithuania to help it transition toward...

Suspicions brought against Grigeo Klaipeda's three employees over pollution

Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo...

Top news

President to skip Holocaust forum in Israel

Lithuanian President Gitanas Nauseda has decided not to go to a major Holocaust commutation event in...

Police free Polish citizen kidnapped for ransom

Lithuanian police have freed a Polish citizen who was kidnapped for ransom and also detained his...

Expert: internet names registered for personal use remains high

The Internet Service Centre DOMREG at Kaunas University of Technology (KTU) – the registry of...

Belarus offered alternative amid supply row with Russia

A crude shipment from Norway for Belarus is expected to arrive in the port of Klaipeda this week...

Police: there was no girl kidnap in Vilnius

There was no girl kidnap in Vilnius, the Lithuanian capital's police said on Friday night.