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As Lithuania's public debt is growing due to the coronavirus crisis, the country might need to raise some taxes in the futures. Their burden wouldn’t be as heavy on residents and the economy if the economic structure changed, Lithuanian Finance Minister Vilius Sapoka says.
The Lithuanian government decided on Wednesday to change the maximum refund period for cancelled trips back to 14 days, from 90 days allowed by the parliament earlier this year due to the coronavirus crisis.
Once the coronavirus crisis ends and the economic situation gets back to normal, Lithuania will have to go back to financial discipline, which will involve efforts to lift some of the tax breaks and to ensure more effective tax collection, President Gitanas Nauseda said at an annual news conference ...
Lithuanian employers' organizations say they will commit not to reduce wages during the crisis if the parliament approves President Gitanas Nauseda's initiative to cut the personal income tax rate to 15 percent, from 20 percent, and increase the non-taxable income threshold by 50 euros.
Lithuania must take advantage of the coronavirus crisis and look for ways to emerge economically stronger from it, a presidential advisor said on Tuesday.
Any crisis is a great opportunity to take a big step forward, Lithuanian President Gitanas Nauseda said on Thursday as he marked the centenary of the Constituent Seimas, or Constituent Assembly.
Lithuania's economic recovery after the coronavirus crisis will be more rapid than in other European Union’s (EU) countries thanks to the flexibility of Lithuania’s business, the low level of the country’s debt and responsible fiscal policy implemented before the crisis, Finance Minister Vilius Sapo...
Lithuanian President Gitanas Nauseda proposes that the state provide direct subsidies to micro-enterprises with up to nine employees to help them during the coronavirus crisis.
