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European Commission Approves Lithuanian Tax Deferral Scheme to Support Businesses Affected by COVID-19

21 January 2021

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Approved Changes

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Lithuania-European Union

The European Commission has announced its approval of Lithuania's tax deferral scheme to support businesses affected by the COVID-19 outbreak. --- State aid: Commission approves €156 million Lithuanian tax deferral scheme to support businesses affected by coronavirus outbreak The European Commission has approved a €156 million Lithuanian aid scheme for enterprises affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework. The public support will take the form of tax deferrals and tax-related liquidity measures (payment in instalments of tax arrears, interest free periods, as well as the suspension of tax debt recovery). The scheme...