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“.
|Populiariausi straipsniai ir video

Employers advised to organize work remotely if possible

The Lithuanian National Public Health Center recommends that employers organize work remotely where...

Ryanair launches new route from Vilnius

Low-cost carrier Ryanair announced a new Vilnius route to Leeds Bradford, flying three times per...

Tighter checks at Lithuanian-Belarusian border push up haulers' costs

Lithuanian haulage companies are facing delays and increased costs after Belarus has stepped up...

Palanga Airport is preparing for reconstruction: runway and parts of apron to be renewed

Palanga Airport is preparing for an important reconstruction in the autumn of 2021, as the runway of...

Skvernelis sees EU's proposed emission cut target as achievable (1)

The European Commission 's proposal to cut greenhouse emissions in Europe by 55 percent by 2030 is...

Top news

Employers advised to organize work remotely if possible

The Lithuanian National Public Health Center recommends that employers organize work remotely where...

Lithuania may need over EUR 100 mln to buy coronavirus vaccines (1)

Lithuania may need over 100 million euros to purchase COVID-19 vaccines , the country's prime...

Tighter checks at Lithuanian-Belarusian border push up haulers' costs

Lithuanian haulage companies are facing delays and increased costs after Belarus has stepped up...

45 new coronavirus cases

On Monday, 45 new COVID-19 cases were confirmed in Lithuania . Overall, 3859 coronavirus cases have...

Ryanair launches new route from Vilnius

Low-cost carrier Ryanair announced a new Vilnius route to Leeds Bradford, flying three times per...

|Maža didelių žinių kaina