The Lithuanian government is reportedly considering different approaches to increase tax revenue in order to fund national defense spending. Proposals include:
- An increase in the corporate tax rate from 15% to 16%, along with the revision of the progressive income tax rates and the repeal of certain tax reliefs;
- An increase in the corporate tax rate from 15% to 16% and an increase in the VAT rate from 21% to 22%;
- An increase in the corporate tax rate from 15% to 17% and an increase in the re…