Lithuania's Ministry of Finance has announced a package of tax measures that will help ensure the financing of the State Defense Fund and increase the efficiency and progressivity of the tax system. The package includes an increase in the standard corporate tax rate from 16% to 17% and an increase in the reduced rate from 6% to 7%. This follows a 1 percentage point reduction in both rates from 1 January 2025. Other measures include:
- Introducing new progressive personal income tax rates on a…