International Internet Magazine. Baltic States news & analytics
Wednesday, 24.09.2014, 01:24
Lithuanian Seimas legislates VAT exemption for press
A total of 99 MPs supported the amendments, while 6 MPs were against with 19 abstentions, writes LETA/ELTA.
The amendments should come into force as of January 1 of 2013.
President Dalia Grybauskaite proposed a 9% VAT tax for press as early as in 2011.
Prime Minister Andrius Kubilius was sorry that the Seimas "surrendered to the epidemic of VAT reductions" and driven by this "epidemic" have cut revenues to the next year's state budget by over LTL 100 million (EUR 29 million).