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“The meeting focused on discussing the state of the economy with the business community and, more importantly, how we can further stimulate the economy out of quarantine.”
The economy fell at one of the lowest rates in the European Union last year, but there are two worrying factors: we have high unemployment and a high number of unemployed, more than 260,000, and the risk that the shadow economy will grow during the economic crisis. recession and quarantine measures, their specificity during this crisis.
We discussed how we could respond to these risk factors in the second half of this year, also with the revision of the country’s budget as one of the most important economic policy instruments in the State’s response to the economic situation, ”he said.
Krėpšta said that regarding job restoration, the president thought post-quarantine measures to preserve, restore and create new jobs were worth discussing.
“They should be important in the budget debate, and it is also worth talking about tax incentives that would impact the country’s economy and the job creation situation.
As one of the ideas, an increase in the NPD could be considered, which would increase the income of the employed and low-income and encourage them to return to the labor market, ”he said.
Also, according to him, during the meeting the idea previously expressed by the president regarding 6 months was discussed. rules, in other words, a time limit before taxes are raised.
“Most of the business community has supported this idea and the President is determined to introduce it in the near future.
When it comes to hidden tools, the business community has come up with a number of ideas on how hidden growth risk could be managed, and here of course the focus is on digital electronic tools in sectoral areas.
One of the measures is the digitization of the car trade, which will come into effect from next month. We have also been discussing a builders card for several years, which could reduce the shadow, “he said.
S. Krėpšta also assured that G. Nausėda is considering submitting proposals to increase the NPD.
“The president is actively considering that possibility and we also appreciate the discussions on temporary VAT exemptions.
We believe that tax changes should be seen more broadly and that an increase in the NPD could also be an important measure that works directly across workers and jobs, and not just across the business sector, as is the case with VAT incentives ”, the spokesperson said that one of the possibilities of increasing the NPD is 50 Eur, which could come into effect both from July 1 and January 1.
Discussed the use of cash
Andrius Romanovskis, president of the Lithuanian Business Confederation (LVK), said there has been a lot of discussion about cash settlements and their redemption.
“The business community has been discussing these measures with employee organizations for several months.
Andrius Romanovskis
In fact, there is a general consensus, we have to go in that direction, perhaps letting employees choose their payment methods, since there are different circumstances, but we, as an organization, have proposed to talk about cash settlement between legal persons by special taxes. goods, because we see that there is a fairly high risk of shade here, and such regulations could contribute to its removal, ‘he said.
He also said the new budget would include measures to preserve employment.
“We have expressed our concern and expectation that both the Government and Seimas will design those measures that were designed to create and preserve jobs in the post-quarantine period,” he said.
According to A. Romanovsky, there were also changes in income tax.
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