Lithuania VAT rate cut to 18%
- May 5, 2019 | Richard Asquith
The Lithuanian parliament is considering a proposal to cut the standard VAT rate from 21% to 18%. It was last raised from 19% to 21% in September 2009 during the financial crisis.
The proposal is being promoted as a boost to the economy, and lowering the disincentive to tax fraud. VAT is the largest tax revenue for the government.
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