The Ministry of Environment would like to raise taxes for amber extraction in Lithuania. It has proposed a 44-fold increase in taxes for a kilogramme of amber pieces larger than 40 millimetres.
© DELFI / Mindaugas Ažušilis

The Law on Taxes on State Natural Resources stipulates that every kilogramme of extracted amber is taxed by EUR 20.22. The Ministry of Environment has proposed to increase the tax to EUR 280 per kilogramme if pieces of amber are smaller than 40 millimetres, and to apply EUR 900 tax rate when they are larger than 40 millimetres.

Based on preliminary estimates, there are approximately 112 tonnes of amber in Juodkrantė deposit. If the newly proposed rates are applied, 20 years of exploitation of the deposit would bring EUR 41 million in revenue. 70 percent of the amount would be transferred to the state budget, 20 percent would be left to the local municipality and 10 percent would go to the Environmental Protection Support Programme.

Since the beginning of tensions with Russia over Ukraine, Lithuanian businesspeople are no longer issued licenses to import raw amber from Russia's Kaliningrad Region, which holds 95 percent of the world's known amber resources.

It is forbidden to copy the text of this publication without a written permission from ELTA.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Number of passengers travelling from Vilnius Airport by public transport has increased almost four times

Naturally the airport in Vilnius is the centre of intensive movement to and from which thousands of...

Lithuania will be a key player in shaping the future of blockchain in Europe and the world

Blockchain will transform digital services and Europe. It is acknowledged that Europe missed out on...

Oro Navigacija starts rebranding of its image by changing its logo

While undergoing the process of modernisation, the strategic company Oro Navigacija, whose mission is...

Nine percent increase in flight number in Lithuanian airspace

During ten months of this year, air traffic controllers handled 227.5 thousand flights in Lithuanian...

Survey: every eighth person in Lithuania has private health insurance

The results of a survey conducted in Lithuania showed that every eighth person has been ensured by...