The Lithuanian parliament is considering two draft bills that would increase the threshold for cash accounting and increase the corporate tax rate.
Bill No. XIIIP-4115 includes amendments to the rules on cash accounting, including:
- An increase in the income threshold for using cash accounting from EUR 30,000 in each period in the last three period to EUR 2 million in each period in the last three periods (applies for taxpayers that used cash accounting prior to the law's entry into force …