The State Tax Inspectorate () or VMI is the tax authority in the

Republic of Lithuania Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, P ...

. It is an agency under the

Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

. The main objectives of the agency include: helping the

taxpayers A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...

with their tax obligations and rights; implementation and enforcement of tax laws, primarily collecting and administering the taxes; collection of revenue for the

state budget A government budget is a projection of the government's revenues and expenditure for a particular period, often referred to as a financial or fiscal year, which may or may not correspond with the calendar year. Government revenues mostly include ...

History

The historic origins of the tax authority in Lithuania can be traced back to the ''Treasury Tribunal'' and, later, ''Treasury Commission'' of the

Grand Duchy of Lithuania The Grand Duchy of Lithuania was a sovereign state in northeastern Europe that existed from the 13th century, succeeding the Kingdom of Lithuania, to the late 18th century, when the territory was suppressed during the 1795 Partitions of Poland, ...

which operated in 16th-18th centuries. Origins of the modern agency start in 1918 with the establishment of Finance and Tax departments within the Lithuanian Ministry of Finance. These departments were not independent institutions and the finance minister was also the Chief Tax Administrator. The modern institution of the State Tax Inspectorate was defined in the laws in 1990. It was established as a separate legal entity in 1995. Currently, the institution and its activities are defined by the Law on Tax Administration 2004. The State Tax Authority of Lithuania is a founding member of

Intra-European Organisation of Tax Administrations The Intra-European Organisation of Tax Administrations (IOTA), is a non-profit intergovernmental organisation, which provides a forum to assist members in European countries to improve their fiscal functionality. The IOTA headquarters are located ...

since 1996.

References

External links

* {{authority control Taxation in Lithuania Government agencies of Lithuania Revenue services Economy of Lithuania

History

See also

References

External links