The value added tax will remain 21% in Lithuania after the country’s parliament on May 9 rejected the liberals’ initiative to cut it to 18% from 2020, a level that was before the 2009 crisis.
22 lawmakers voted in favor of the parliament starting deliberation of the proposed amendments to the Law on Value Added Tax, 18 were against and 33 abstained.
The last attempt to reduce the VAT to 18% was made in the Lithuanian parliament in November 2017. (BNN/Business World Magazine)
