Lithuania, Taxation, Transport
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Tax break proposed in Lithuania for businesses buying electric cars
BC, Vilnius, 25.09.2018.
Print version
Print versionA profit tax break might apply to companies in Lithuania which buy electric cars as of next year, reported LETA/BNS.
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Initiating the proposal, the Economy Ministry says the tax
break would make Lithuania more attractive to foreign investors and would
promote companies to upgrade their car fleets and choose more effectives and
less polluting vehicles.
The proposed corporate tax break involving the purchase of
electric cars is now under discussion with all interested parties. Such
amendments would need approval by the Cabinet and parliament.
The proposed amendments say the taxable profit might be
reduced by up to 300,000 euros a year for businesses purchasing cargo vehicles,
trailers and semi-trailers.
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