Expensive cars spark discussions of luxury tax in Lithuania
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Luxury cars (associative image) / BNS
Conspicuous consumption has not been hit during the pandemic, leading some politicians to suggest that Lithuania may need a tax on luxury.
Luxury cars have been the most conspicuous signs that some were spared economic hardship during the pandemic.
“Last year we sold 50 cars and we're planning to sell as many in 2021,” Bentley Vilnius director Evelina Avina told LRT TV.
In most cases, luxury cars are owned by business firms, only rarely are they registered by individuals, according to Regitra.
Last year, Lithuanian companies registered more than 1,200 cars valued above 50,000 euros, spending over 100 million on luxury vehicles. The figures are not much different from those of 2019, indicating the pandemic had little effect on luxury.