- TVF aims to strengthen tax administration and reduce VAT gap in Lithuania
- Finance Minister Rimantas Šadžius met with TVF Managing Director Kristalina Georgieva in Luxembourg
- They discussed TVF expert assistance to increase revenue collection and combat shadow economy
- Special focus on reducing VAT gap and strengthening tax administration
- VAT gap causes loss of hundreds of millions of euros annually in Lithuania
- TVF has helped other countries with similar issues, including Poland
- Minister thanked TVF for ongoing cooperation and recent mission recommendations
- Discussion included global economic challenges and TVF support for Ukraine
- TVF approved a 4-year 15.6 billion USD program for Ukraine in March 2023
- Lithuania, along with other countries, supports Ukraine’s commitments to TVF
- TVF established a capacity development fund for Ukraine, with Lithuania contributing 1.5 million euros
- Technical support provided in fiscal, monetary, financial sector policies, public finance management, and more
- Update date: 2025-06-19
Source: finmin.lrv.lt
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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