Lithuanian President Gitanas Nausėda reportedly signed various tax measures into law on 28 June 2024 to finance a new State Defense Fund. The measures apply from 1 January 2025 and include:
- Extending the temporary solidary contribution on banks until 31 December 2025 (previously scheduled to end 31 December 2024);
- Increasing the standard corporate tax rate from 15% to 16%, along with an increase in the tax rate on dividends to 16%;
- Increasing the corporate tax rate for small companies from 5…