Lithuania’s Prime Minister has confirmed that the only tax change currently planned is a change to excise duty on alcohol, which will be phased in over three years. The proposal was recently supported by the ruling coalition’s Political Council, to fund measures to support pensioners after pension cuts during the financial crisis.
The Prime Minister has also explained that the Government is holding talks with the alcoholic beverage industry between now and July 2014, and that a draft law is to be submitted after the upcoming presidential election due to take place in May 2014. The Prime Minister has ruled out the possibility of a new tax on cars that had previously been considered by the Political Council.
