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Lithuanian tax news: progressive tax system in Lithuania
During the year 2009 Lithuania as well as other Baltic states faced a heavy challenge to combat the adverse financial situation in their country.
The major debate is going on at this moment regarding progressive tax system adoption in Lithuania. On the last week of March, 2011 the proposed amendment to the PIT (Personal Income Tax) laws was approved by Lithuanian Parliament. Therefore if the proposed amendment will pass two more readings, the proposed progressive tax system in Lithuania will become enforced.
Valters Gencs |
For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu
The material contained here is not to be construed as legal advice or opinion.