Lithuania: Amendments to excise duty law
Parliament signed amendments to excise duty law
Parliament signed amendments to excise duty law
The Parliament signed amendments to the excise duty law that include the following provisions:
- Starting from 2023, there will be a gradual phasing out of fossil fuel benefits and subsidies applied to gasoil, coal, coke, lignite, diesel, liquefied petroleum gas in cylinders, and excise tax rates will be consistently increased.
- Reduced rates will still apply for green diesel used in agricultural machinery and natural gas used for heating.
- Peat used for heating will also be subject to excise taxation.
- Starting from 2025, excise duties for energy products will include a carbon dioxide component based on the CO2 emissions of the type of fuel, which will increase proportionally each year.
Read a June 2023 report prepared by the KPMG member firm in Lithuania
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