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Civitta presented analysis of tax burdens for forestry companies Lithuania2017-12-11
On 8th of December Project manager of Civitta Gintautas Nedzveckas presented our project on analysis of tax burden in forestry sector companies. The project was ordered by the Ministry of Environment of Republic of Lithuania.
The scope of the project included comparison of taxation system of other similar sectors of Lithuania (agriculture, fisheries and mining), as well as comparison with taxation systems of forestry companies in other EU countries (Latvia, Estonia, Poland, Finland and Sweden). To conduct the research an international team from Lithuania, Latvia and Estonia was formed. The analysis showed that Lithuanian forestry companies bear one of the highest tax burdens in whole region (with exception to Sweden). In order to ease this tax burden, Civitta team suggested a review of tax on income from round wood sales.