The Liberal Movement may support some taxation changes in the next parliamentary term, its MP Eugenijus Gentvilas has revealed. Yet he stressed that the party would oppose proposals on drastic income redistribution.
taxation
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Ramūnas Karbauskis, leader of the opposition Farmers and Greens, says Lithuania’s taxation system is too complex, and residents are unmotivated to pay taxes. The right wing Government’s tax overhaul plan is stalled, leaving potential investors in limbo, he said.
The Lithuanian Finance ministry proposes to raise excise duties on strong alcohol, tobacco and fuel, and expand the taxation of households’ non-commercial real estate in a move that is expected to bring an additional 61.5 million euros into the state's coffers next year.
With Lithuanian authorities considering converging the taxation of self-employed and salaried income, some self-employed people may begin to look for a job and others may migrate into the shadow economy, the business daily Verslo Zinios reported on Thursday.
