| Abstract [eng] |
The Master's thesis provides a comprehensive assessment of property taxation in Lithuania. It analyses the regulation of property taxes in Lithuania and in selected EU countries and, on the basis of a comparative analysis, offers suggestions for adjusting property taxes in Lithuania. The first section of this work delves into elements and features of property taxes, investigates the historical development of property taxes in Lithuania, and determines the significance of these taxes in the current taxation framework of the country. The study reveals that property taxes are considered as direct taxes and fall under the category of local taxes. Furthermore, it is observed that the contribution of property taxes to the national and municipal budgets of Lithuania is relatively low. The second section of this paper analyses the taxation of property in selected EU countries. The results show that property taxes are applied in all the examined countries and are considered an important source of revenue for local government. However, there are different ways of taxing property in different EU countries, but there are also similarities in principle. The final section of this work provides a detailed assessment of property taxes, discussing separately the advantages and disadvantages of the elements of property taxes. It then analyses the system of property taxation in Lithuania, in parallel with an assessment of the examples of selected EU countries and their best practices in the field of property taxation. Accordingly, based on the analysis, directions for improvement of the system of property taxation in Lithuania are presented to increase the contribution of revenue collected from property taxes to municipal budgets. |
