The Lithuanian parliament (Seimas) is considering a draft bill that would increase the additional tax on banks and credit institutions from 5% to 10%. First introduced in 2020 and subsequently made permanent, the 5% tax is levied in addition to the standard corporate tax rate, with limited deductions. In particular, certain deductions are excluded when calculating the additional tax, including the increased deductions for R&D, film production incentives, deductible donations, and carried…