Lithuania has published Order No. 1K-325 from the Ministry of Finance, which provides for a reduction in the interest rate on tax loan agreements for the deferred payment of taxes and fines for administrative offenses. Normally equal to 0.01% per day (~3.65% per annum), the order provides that the interest rate is 0.00013699% per day (~0.05% per annum) during the fourth quarter of 2022 beginning 1 October 2022.
In relation to the interest rate change for the fourth quarter, the Ministry has…