Lithuania has published Law No. 2023-12400 of 22 June 2023, which amends the percentage ownership condition in the definition of (reverse) hybrid entities in order to fully comply with the EU Anti-Tax Avoidance Directive as amended (ATAD2). Originally, a Lithuanian hybrid entity was essentially defined as an entity, other than a collective investment vehicle, in which more than 50% of the shares, voting rights, rights to profit, etc. are owned by a tax resident of a foreign country, and such…