Posts tagged as exemptions

New Lithuanian government will review all tax exemptions

Tuesday, December 8, 2020

Lithuania’s new government is planning to review all existing tax breaks and incentives, including the excise tax discount for diesel fuel used by farmers, Finance Minister-designate Gintarė Skaistė said, noting that the government loses at least 2 billion euros in budget revenue annually because of the measures. “The plan is to review all incentives and assess how appropriate they are today. Some were introduced at a time when we wanted…