Seimas committee backs raising corporate tax for banks

  • 2019-12-19
The Lithuanian parliamentary Committee on Budget and Finance has backed the proposal to increase the corporate tax for banks from 15 to 20 per cent after six committee members voted in favour, one was against and one abstained. The proposal will now be considered by the Seimas. Finance Minister Vilius Šapoka said, if the Seimas backs the tax increase to 20 per cent, the state budget would get around 20 million euros in additional revenue.
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