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Lithuania MOF Announces Temporary Interest Rate Reduction on Deferred Taxes for Businesses

Sept. 30, 2022, 5:00 AM

The Lithuanian Ministry of Finance Sept. 27 announced a temporary annual interest rate reduction to 0.05 percent from 3.65 percent for businesses on deferred taxes, effective Oct. 1. The announcement also explains that: 1) the reduction is due to increased energy prices; 2) the reduction is a temporary solution for the upcoming quarter; and 3) tax loan agreements allow late payment of arrears, with interest applied to the deferred tax at a rate determined by the Minister of Finance. [Lithuania, Ministry of Finance, 09/27/22]

Reference: View Announcement. View Index.