At the Government meeting, the Minister of Finance Gintarė Skaistė presented an action plan to reduce the shadow economy and the value added tax (VAT) gap. The aim is to consistently reduce the current 25% in Lithuania. The VAT gap to the European Union average is 10%. The plan will also develop an improved digital network for data collection and analysis, promote voluntary tax payments, ensure more accurate tax administration, prevent tax evasion in high-risk sectors, and address prevention and public awareness.
Source:
