Lithuanian Government Approves Revised Tax Package

Lithuania's Ministry of Finance has announced that the government approved a revised tax package on 14 May 2025 meant to generate additional financing for the Defence Fund. Salient features include:

• The standard corporate tax rate is proposed to be increased to 17% (from 16% currently), while the lower rate is equally proposed to be increased by the same 1 percentage point to 7%;
• The proposed 36% top personal income rate is scrapped, with the following brackets/rates to be implemented:
  • up t…