As previously reported, the Lithuanian parliament (Seimas) has approved several measures as part of the revised tax reform package approved by the government in May 2025 to generate additional financing for the Defence Fund. One of the key measures is the clarification (harmonization) of the loss carryforward rules, which limit the offset of carried forward losses to 70% of taxable income per year, except for taxpayers subject to the reduced corporate tax rate (6%, increased to 7% from 2026)…