Finance Minister Gintarė Skaistė said at the meeting . According to the drafters of these amendments to the Value Add Tax Law, as the prices of energy raw materials continue to grow in the world markets, they want to partly reduce the financial burden on residents for heating and hot water in the heating seasons of 2022-2023 and 2023-2024. “We see that energy prices remain high, and also the types of fuel that are use for centrally suppli heating (even only gas, but also biofuel) are expensive.” It is also likely that heating prices will remain high, and in some places they may even rise a little,” said the minister.
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We believe that VAT relief in a market where prices are regulate reaches the consumer in full and therefore is targete,” she argue. The allowance Benin Email List is intend to be cover by budget funds – according to the calculations of the Ministry of Finance, the budget would lose about 54 million due to this in the coming heating season. euros, and another – about 57 million. euros, if energy prices remain the same as in 2023. the first half of the year. A similar VAT relief was retroactively appli from 2022. January 1 until April 30, after the relevant amendments to the law initiate by the Government were adopt by the Seimas in the middle of March as a matter of special urgency. The usual VAT rate is 9 percent.
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The heating compensation procedure would change On Wednesday, the government approve heating compensation for six months at once, instead of three, as it is now, writes BNS. According to the Minister of Social Security and Labour, this change is most relevant for working and middle-income earners. According to Monika Navickienė, the change is intend not to differentiate between people of retirement age and working people. It now provides for workers to receive compensation for three months, after which their income is reassess and the compensation is extend or not. “The change is most relevant for working and middle-income earners. About two-thirds of the working people hit the target audience of middle-income earners,” the minister said at the meeting.