Lithuania has reportedly adopted the Budget measures for 2018. Main measures include:
- The introduction of an IP regime in accordance with the modified nexus approach that provides for a 5% tax rate on income from qualifying IP;
- An increase in the maximum credit for the investment project incentive from 50% to 100% of taxable income per year through 2023;
- The introduction of a one-year corporate tax exemption for small start-ups;
- An increase in the free economic zone tax exemption period to …