Republic of Lithuania: Selected Issues
Electronic Access:
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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.
Series:
Country Report No. 2017/178
Subject:
Personal income tax Revenue administration Social security contributions Tax administration core functions Taxes Value-added tax
English
Publication Date:
June 30, 2017
ISBN/ISSN:
9781484305973/1934-7685
Stock No:
1LTUEA2017002
Pages:
47
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