Financial Services, Investments, Legislation, Lithuania, Markets and Companies

Such an amendment to the Law on the Income Tax of the Republic of Lithuania was registered in the Secretariat of the Seimas Sittings by Member of the Seimas Eligijus Masiulis.

According to Masiulis, the level of the investments in Lithuania was one of the lowest in Europe. Lithuania was outstripped by the nearest neighbours and the competitors.

"There is a need to correct the current order of the investment project, so that the investments would be attracted to the country and the more attractive conditions for the business would be created. The suggestion to put no limits on the taxable profits reduction related to the underway investment project will contribute to the creation of the more favourable conditions for the investments and the encouragement of the new technologies. This will increase the efficiency and will create the value-added goods and services. And, as a result, the salaries will be increases," said Masiulis.