EconPapers    
Economics at your fingertips  
 

Republic of Lithuania: Selected Issues

International Monetary Fund

No 2017/178, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the reasons behind Lithuania’s low tax-GDP ratio relative to the European Union (EU). At end-2015, Lithuania had nearly the lowest tax-GDP ratio in the EU, along with Bulgaria and Romania. The tax revenue shortfall relative to the EU is for the most part attributable to weak tax administration and tax policy, with the structure of the economy playing a secondary role. The second largest contribution to the tax revenue shortfall relative to the EU comes from social security contributions. The shortfall is driven primarily by the structure of the economy, and to a smaller extent by tax administration.

Keywords: ISCR; CR; Lithuania; tax; Israel; ad valorem tax; firm; innovation promotion; public-sector R&D expenditure; Innovation policy; R&D fund; incentive program; car registration tax; tax exemption; EU average; innovation program; tax structure; harmonized EU minimum; Social security contributions; Tax administration core functions; Value-added tax; Personal income tax; Europe; Global (search for similar items in EconPapers)
Pages: 47
Date: 2017-06-30
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45019 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/178

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

 
Page updated 2025-03-30
Handle: RePEc:imf:imfscr:2017/178