On 1 November, companies owed a total of EUR 191.3 million in taxes, almost EUR 20 million less than last year.
According to the news website, the most indebted firms are engaged in trade, manufacturing and construction.
Around 2,400 companies set a repayment schedule and entered into tax assistance agreements with VMI, under which they have EUR 30.6 million left to repay.
The amount of outstanding debts under the agreements with VMI was EUR 71.7 million in November 2023.
VMI initiated 33% of all 877 insolvency proceedings that were started in January-October this year, data of the Authority of Audit, Accounting, Property Valuation and Insolvency Management (AVNT) show. Džiuginta Balčiūnienė, head of VMI’s debt administration department, the reason for this is the automation of the tax administrator’s processes.
In January-October last year, VMI initiated 194 bankruptcy proceedings, which accounted for 26% of all the bankruptcies declared in Lithuania.