Prime Minister: over-Profit Tax Will Affect About 10 Fuel Producers
5 Articles
5 Articles
After the Coalition Council has agreed to introduce a temporary tax on windfall profits for the fuel industry, Prime Minister Mindaugas Sinkjavicius says that this tax could potentially be paid by about 10 Lithuanian companies.
Lithuania estimates that the windfall profits tax will cover 10 companies, with Orlen Lietuva being the main – and perhaps even the sole – payer.
The ruling coalition has agreed to introduce a temporary tax on excess profits for fuel production companies. Prime Minister Mindaugas Sinkevičius ...
The Lithuanian ruling coalition has agreed to prepare a draft for a temporary tax on extraordinary profits of companies operating in the fuel production sector, which will effectively cover the Orlen-owned refinery in Mažeikiai. Prime Minister Mindaugas Sinkevičius insists that the new tax will not harm relations with Poland. "However, if we receive any signals, we will analyze them," the head of government cautioned. Lithuanians also point out …
If the coalition partners reach an agreement on taxing excess profits of energy companies, the main company that would pay this tax would be Orlen Lietuva. However, according to the Head of Government, such taxation could be applied to up to 10 other companies.
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