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“There are pros and cons (on the proposal of the President – ELTA). Probably the biggest drawback of the tender is that the people who earn more benefit more. This is not socially fair. The second risk is, remember, as is the case with the temporary nature of taxes in Lithuania. How temporary is the VAT change? How temporary is the VAT exemption for district heating? “the Prime Minister told Seimas, asking rhetorical questions.
“There is a great risk that the temporary nature is permanent, and for half a year it is approximately 400 million.” Skvernelis added.
According to him, the talks with the president propose various alternatives to alleviate the burden of the economic crisis on the population. One of them, S. Skvernelis is convinced, is to increase the amount of income tax free.
“As an alternative, the extension of tax-free income by another 50 euros, which was foreseen in the government program, could also be considered. In this way, we could benefit more people who earn less,” said the prime minister.
On Monday, the President also held talks with representatives of all the Seimas factions on PIT reduction issues. The faction leaders made no stricter comments or objections to the country’s leader’s proposal. With caution, the presidential proposal of 20 to 15 percent. The Minister of Finance, Vilius Šapoka, has evaluated the reduction of the personal income tax.
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