Budget, Financial Services, Legislation, Lithuania, Real Estate, Taxation
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Saturday, 14.06.2025, 00:18
Tax on luxury real estate in Lithuania to be introduced as of 2012
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The new tax is expected to bring some LTL 30 million (EUR 8.7 million) additional revenues to the state budget, informs LETA/ELTA.
As for the expensive cars tax, the Seimas will have to debate on that in the spring session. According to Chairman of the Homeland Union – Lithuanian Christian Democrats (TS-LKD), Prime Minister Andrius Kubilius, it was decided to fully restore pensions back to the pre-crisis level as of January 1.
The ruling coalition partners – TS-LKD, the Liberals' Movement and the Liberal and Centre Union – agreed to cut contributions to private pension funds by 0.5%, now paying 1.5% instead of the previous 2%.
As the political groups' opinions on the taxation on deposit interests clashed, the Seimas will have to take over debates on the issue.
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