- Lithuania proposes tax reforms to increase defense funding
- VAT rate to rise from 9 percent to 12 percent for transport, heating, tourism
- VAT on books to decrease to 5 percent
- Corporate tax to increase by 1 percent
- Income tax rates to rise
- Public consultation open until April 30, 2025
- Aimed at addressing regional security concerns after Russian invasion of Ukraine
- Government to review feedback post-consultation before implementing changes
Source: fiscal-requirements.com
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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