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Lithuania

Government and institution measures in response to COVID-19.

Government and institution measures in response to COVID-19.

Tax measures – Direct and Indirect

(e.g. payment deferrals, rate reductions…)

Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.

Economic stimulus measures

(e.g. loans, moratorium on debt repayments…)

  • The government launched a EUR 5 billion support plan in the week of 16 March, which includes EUR 500 million for maintaining business liquidity and EUR 1 billion for speeding up investment.
  • The Economic and Financial Action Plan provides for accelerating investment programmes by accelerating payments and increasing the intensity of funding. It plans to reallocate EU investment funds to health, employment and business, accelerate the use of public budget funds for running costs, to use all funds from the Climate Change and Road Maintenance and Development Programs and to accelerate renovation of apartment buildings.

Start-ups:

  • Government increases loan guarantees to businesses by EUR 500 million. It also softens the conditions attached to these guarantees

Employment-related measures

(e.g. state compensation schemes, training…)

Start-ups

  • Government foresees subisides totalling EUR 500 million to ensure laid-off workers or workers with reduced working time (+salaries) still receive the minimum wage
  • Also includes in the EUR 500 millions for workers a fixed payments to the self-employed who have previously contributed to the social security system.

Contact us

Tax: Birute Petrauskaite – bpetrauskaite@kpmg.com
Legal: Inga Sutaite – inga.sutaite@kpmglaw.lt