income tax

Lithuania has received a letter of formal notice from the European Commission over delays in transposing the Pillar Two directive, which imposes a minimum effective corporate income tax rate on multinational companies, the Verslo žinios business news website reports.

Lithuanian Finance Minister Vilius Sapoka has welcomed President Gitanas Nauseda's recent proposal on additional payouts to families with children, but is cautious about his proposal to cut the residential income tax rate from 20 to 15 percent.

Lithuanian Prime Minister-designate Saulius Skvernelis says that the existing personal income tax incentive for life insurance has failed to achieve its goals and has to be reviewed.

With the elections less than two weeks away the Lithuanian Free Market Institute looks at some of the key points of the Labour Party electoral programme and their significance.

The first screening of the BBC’s War & Peace in Vilnius this Saturday saw some of the heavy hitters of the Lithuanian film and culture industry mingle with the British BBC crew. With the BBC having shot this major production in Lithuania and the implementation of new tax incentives, the country’s fi...