The federal government will submit applicable amendments to the legislation on the short-term loyalty tax to the Seimas.
Earnings from the Momentary Solidarity Levy is used to fund army switch initiatives and dual-use infrastructure initiatives, in addition to army infrastructure initiatives.
This price, which was launched in 2023, is calculated on the idea of internet curiosity earnings that’s greater than the common earnings of the financial institution over the past 4 years greater than 50% left.
The tax was launched after banks in Lithuania began making big income as a result of elevated rates of interest of the European Central Financial institution.
In 2023, Lithuanian banks have paid 256 million euros in loyalty tax. It’s estimated that they are going to pay about 220 million euros in 2024, and in 2025 – about 60 million euros.
In 2023, in comparison with the earlier 12 months, the banks working in Lithuania doubled their whole internet revenue to 986 million euros after paying the loyalty tax.
The loyalty price for banks is decrease in the event that they improve rates of interest on deposits and reduce rates of interest on loans.
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2024-05-29 12:59:05
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