“The budgetary system of the Republic of Lithuania shall consist of the independent State Budget of the Republic of Lithuania and independent municipal budgets. The revenue of the State Budget shall be raised from taxes, compulsory payments, levies, income from state-owned property, and other income. Taxes, other payments to the budgets, and levies shall be established by the laws of the Republic of Lithuania.”
Lithuania's budgetary system consists of the independent State Budget and independent municipal budgets. State Budget revenue comes from taxes, compulsory payments, levies, income from state property and other income. Taxes, other payments to budgets and levies are established by law.
Personal income tax or VAT can be introduced or changed only by a law adopted by the Seimas; the Government cannot create a new tax by resolution.
Remember that taxes are set by law and that the budgetary system has two independent parts: the State Budget and municipal budgets.
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