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Lithuania Proposes Tax Rate Adjustments to Fund Defense Amid Ukraine Conflict

    The Lithuanian Ministry of Finance proposes changes to tax rates Increase the reduced rate from 9 percent to 12 percent on certain services Decrease the reduced rate from 9 percent to 5 percent on books and publications The changes aim to support increased defence spending Public consultation on these proposals was open until 30 April 2025

Source: fiscalsolutions.co.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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