Lithuania's excise duty on diesel fuel will rise next January and a hike in the tax on tobacco products will follow in March.
© Shutterstock

The Seimas on Tuesday passed the respective amendments to the Law on Excise Duties in a vote of 60 to six with 12 abstentions.

The excise duty on diesel fuel will grow to 347 euros per 1,000 liters, from 330.17 euros, and that on diesel fuel used by farmers will go up to 56 euros, from 21 euros.

The Finance Ministry plans that the excise hike will increase the price of the usual diesel by around 2 euro cents and that of fuel for farmers by some 4 cents.

Natural gas used by vehicles will not be subject to VAT starting next year, a measure that the Finance Ministry says will cost the budget around 100,000 euros.

The minimum excise duty rate for cigarettes will next March increase by 5.4 percent to 59 euros and the combined excise duty rate will rise by 6.7 percent to 96 euros per 1,000 cigarettes. The rate for cigars and cigarillos will go up by 12.1 percent to 37 euros.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian food watchdog receives four complaints over needles in food

Lithuania's State Food and Veterinary Service has received four complaints over this week on needles...

In response to criticism over pension cuts, Šimonytė tells Ušackas he was in same Cabinet

In response to criticism from Vygaudas Ušackas over pension cuts, Ingrida Šimonytė reminded her...

Lithuania will have more business financing alternatives

Lithuania creates one of the most favourable conditions in the European Union for the activities of...

Belarus' road repairs may cause traffic restrictions at Lithuania's Medininkai checkpoint

The Lithuanian State Border Guard Service (VSAT) has warned of possible temporary traffic...

Money laundering story casts shadow on whole Baltic banking sector - Lithuanian c.banker

The recent money laundering story involving banks operating in the Baltic states has a negative impact...