Lithuania's FinMin provides EC with data to get 'frozen' EUR 26 mln

  • 2023-10-27
  • BNS/TBT Staff

VILNIUS - Lithuania has submitted all the necessary data and arguments to the European Commission to receive the "frozen" 26 million euros under the Recovery and Resilience Facility, the Finance Ministry told BNS on Friday. 

"The European Commission will assess the information provided within two months and will then make a decision," the ministry said. 

The government was to submit the documents to the EC by Saturday, October 28. 

Brussels has been informed about the amendments on the "green" excise duties and environmental pollution taxes, already adopted by the Seimas, as well as a bill on a new real estate tax model, also submitted to the Seimas.

The EC has already transferred more than half a billion euros to Lithuania this year, but 26 million euros have been withheld due to failure to implement tax requirements on time. 

If the EC adopts a positive assessment on the latter law, the government will receive the withheld money early next year.

In May, the European Commission paid Lithuania the first RRF installment of 542.3 million euros for the first around 30 indicators.

Earlier this week, the EC approved an updated package of 3.85 billion in RRF funds for Lithuania, but rejected Lithuania's request for a delay in deadlines related to tax changes. According to the Commission, Lithuania has one more month to submit possible additional comments on this issue.

The government is seeking to postpone the RRF plan deadlines related to tax changes as the tax reform has stalled in the parliament.

The bill on the new real estate tax model has also not reached the Seimas fall for the final vote as its adoption has been postponed until November following disputes.