- Tax reforms aim to generate over EUR 500 million annually from 2027 for national defence
- Lithuanian Parliament is considering tax law amendments proposed by the Ministry of Finance
- VAT on books and non-periodical publications may decrease from 9 percent to 5 percent
- VAT on other goods currently at 9 percent may increase to 12 percent
- VAT exemption for heating will be removed with expanded compensation for eligible consumers
- Changes in VAT could generate over EUR 80 million annually
- Proposed excise duty on sweetened beverages based on sugar content could raise EUR 25 million yearly
Source: regfollower.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.
