Gediminas Šimkus: VAT relief for heating refunds would not be the most accurate measure

Gediminas Šimkus: VAT relief for heating refunds would not be the most accurate measure

„When it comes to the reduced VAT rate for centralized heating, it applies to everyone, including those who earn high and very high incomes, as well as low and very low incomes. How targeted and purposeful is this measure? I think it is definitely not the most appropriate measure to apply,“ said the Chairman of the Board of the Bank of Lithuania, Gediminas Šimkus, to journalists on Tuesday.

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According to him, the state budget is “quite tight,” so it is important to balance income and expenses.

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Translated from

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