The Lithuanian government has no plans to cut the VAT rate on food, as it would not benefit people, Finance Minister Gintare Skaiste has said amid calls by presidential advisers to introduce a lower VAT rate on food under a different model that would benefit consumers.
On May 24, Irena Segaloviciene, the president’s chief adviser on economic and social policy, said a lower VAT rate on food could be introduced to fight rising inflation, adding, however, that a model should be found to ensure it benefited the end consumer. (BNN/Business World Magazine)