Republic of Lithuania: Selected Issues

June 30, 2017

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Format: Chicago

Republic of Lithuania: Selected Issues, (USA: International Monetary Fund, 2017) accessed December 3, 2024

Summary

This Selected Issues paper examines the reasons behind Lithuania’s low tax-GDP ratio relative to the European Union (EU). At end-2015, Lithuania had nearly the lowest tax-GDP ratio in the EU, along with Bulgaria and Romania. The tax revenue shortfall relative to the EU is for the most part attributable to weak tax administration and tax policy, with the structure of the economy playing a secondary role. The second largest contribution to the tax revenue shortfall relative to the EU comes from social security contributions. The shortfall is driven primarily by the structure of the economy, and to a smaller extent by tax administration.

Subject: Personal income tax, Revenue administration, Social security contributions, Tax administration core functions, Taxes, Value-added tax

Keywords: Ad valorem tax, Car registration tax, CR, EU average, Europe, Firm, Global, Harmonized EU minimum, Incentive program, Innovation policy, Innovation program, Innovation promotion, ISCR, Israel, Lithuania, Personal income tax, Public-sector R&D expenditure, R&D fund, Social security contributions, Tax, Tax administration core functions, Tax exemption, Tax structure, Value-added tax

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/178
Stock No:

1LTUEA2017002
ISBN:

9781484305973
ISSN:

1934-7685

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