Increased efforts to tackle tax evasion and the black market led to a significant increase in tax revenues for the Lithuanian government in 2015, according to Prime Minister Algirdas Butkevičius.
Ministry of Finance
© DELFI / Valdas Kopūstas

Tax revenue in 2015 beat projections, increasing by 7.1%, or €470.6 million, on 2014. The Finance Ministry announced on Wednesday that the central government and municipalities collected €160.9 million, or 2.3%, more revenue than projected for the year.

"As we had promised, we stepped up efforts to ensure transparency of paying taxes. We stepped up control over companies trading in oil products, individuals whose assets and spending did not match their income, cash transactions, unaccounted wages," Butkevičius said.

Central and municipal budget revenues hit €7.108 billion in 2015. Lithuania’s central government had projected collecting €5.666 billion in tax in 2015, but actual revenues were €5.728 billion, or 1.1% above the target, representing a 5.4% increase on the year before.

Municipal budgets also did better than planned. Their tax revenues in 2015 stood at €1.379 billion, 7.7% above target, and 14.7% more than the year before.

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