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Lithuanian econmin sees no way to get back discussion of real estate tax

Lithuanian Economy and Innovation Minister Ausrine Armonaite see no way for the incumbent ruling coalition to get back to the discussion on a new model of a universal real estate tax.

“I don’t see any way as the discussion is closed, and I believe we should postpone it as we will have an election campaign and political parties will be able to present their vision of how they see the tax reform, and people will be able to choose which vision the lean towards, and then we could get back to the tax changes after the election, if necessary,” Armonaite told the public radio LRT on Monday.

She also see no way of returning to discussions on the tax reform.

“I don’t see any possibility of returning to the tax reform issue in the election year and in the last year of my term of office,” the minister said, adding that there have no in-depth discussion with the coalition partners on the proposal to make decisions on individual taxes rather deciding than on the whole tax reform package.

The tax reform was one of this government’s key goals. The Seimas gave its initial backing to the reform last summer, but the reform has since stalled as ruling coalition partners disagree on a number of issues. The reform included, among other things, higher taxes for holders of individual activity certificates and a broader real estate tax base.

Source: BNS

(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)

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