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2009-08-18 12:15:01 CEST 2009-08-18 12:15:09 CEST REGULATED INFORMATION TEO LT, AB - Notification on material eventTEO will compensate for it's clients increase of VAT in LithuaniaTEO LT, AB (hereinafter TEO or “the Company”) will not increase prices for all of its services for residential and for most of services for business customers despite the raise in the value-added tax (VAT) rate to 21% in Lithuania from September. By compensating for the VAT rate difference, TEO will refuse part of its revenue and by making this step will seek to justify the expectations of customers under the current economic conditions. This compensation will cost TEO almost LTL 3 million this year, and next year - more than LTL 9 million. For voice telephony, Internet and television service users, TEO is going to compensate the part of the value-added tax rate that will be raised from the 1st of September by lower prices excluding VAT, so the final prices will remain unchanged. For business customers of data communication solutions, IT services, wholesale services as well as short and special numbers, prices excluding VAT will remain the same. Person authorised to provide additional information about material event - Antanas Bubnelis, Press Officer, tel. +370 5 236 75 37. |
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