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Lithuania Announces Measures for Public Health and the National Economy

19 March 2020

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Approved Changes

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Lithuania

Lithuania's Ministry of Finance has issued a release on a plan submitted on 16 March 2020 for public health and the national economy during the coronavirus (COVID-19) pandemic. With respect to business and tax measures, the release includes the following: The plan provides for immediate tax loans, deferred payments or payment in instalments in accordance with the agreed schedule without interest; stopping recovery actions on the basis of criteria of reasonableness; exemption of taxpayers from fines and penalties; possibility to defer payment of personal income tax; to increase the guarantee limit for the Agricultural Credit Guarantee Fund and INVEGA by...