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Lithuania’s 2026 tax reform – what to expect? (updated 30.05.25)
Tax Lithuania’s 2026 tax reform – what to expect? (updated 30.05.25)
Lithuania is planning a comprehensive tax reform for 2026 aimed at strengthening national defense funding and supporting economic development. Grant Thornton Lithuania tax specialist Vykintas Valiulis has prepared a detailed overview on the topic.
Vykintas Valiulis
Vykintas Valiulis
| 6 min read | 07 May 2025
Outsourced accountant won't let you down
Outsourcing services Outsourced accountant won't let you down
When outsourcing accounting services, you can be sure that the work won't be left undone in case the accountant falls ill or goes on vacation.
Gaily Kuusik
Mart Nõmper
| 4 min read | 14 Apr 2025
Quick guide: common standards and certifications in the world of information security
Information security services Quick guide: common standards and certifications in the world of information security
The field of information security seems like a labyrinth full of abbreviations lately: NIS2, DORA, ISO 27001, E-ITS, SOC 2. Therefore, I will briefly advise on how to navigate information security regulations, standards, audits, and certifications.
7 min read | 11 Apr 2025
The many faces of sustainability
Sustainability services The many faces of sustainability
In recent months, there has been much discussion about reducing the reporting burden of sustainability for companies and the European Commission's desire to simplify reporting.
4 min read | 04 Apr 2025
What is the Estonian information security standard E-ITS and what approach to take?
Information security services What is the Estonian information security standard E-ITS and what approach to take?
The Estonian information security standard (E-ITS) is an Estonian-language standard compatible with the Estonian legal system and developed for ensuring protection for business processes and information systems used for fulfilling public functions.
5 min read | 27 Mar 2025
The first three months of the whistleblower reporting channel – how has it gone?
Whistleblower channel The first three months of the whistleblower reporting channel – how has it gone?
We are already three months into 2025. Establishing a whistleblower channel has been obligatory for all companies with more than 50 employees for exactly that long – a requirement that stems from the Whistleblower Protection Act.
Eliis Talisainen
Eliis Talisainen
| 4 min read | 14 Mar 2025
What is DORA and what should you know about it?
Information security services What is DORA and what should you know about it?
The Digital Operational Resilience Act (DORA), which came into effect on January 17 this year, aims to prevent cyber threats and reduce the impact of incidents on businesses and the broader European financial sector.
Ines Junti
Ines Junti
| 3 min read | 28 Feb 2025
Packaging undertakings, be prepared for audits of packaging reporting!
Audit Packaging undertakings, be prepared for audits of packaging reporting!
Whether the 2024 packaging report needs to be audited depends on whether the most recent audited packaging report was for 2020 or 2021.
Tarmo Rahkama
Tarmo Rahkama
| 4 min read | 16 Dec 2024
We’re overcontrolling currently: reporting has become a burden for society
Audit We’re overcontrolling currently: reporting has become a burden for society
How has the auditors’ market changed and why is it hard to find sufficiently qualified specialists? What sorts of trends will global competition, workforce shortage and sustainability reporting requirements bring about?
Mart Nõmper
Mart Nõmper
| 8 min read | 02 Dec 2024
Defense tax on corporate profits: preparations should begin this year
Tax Defense tax on corporate profits: preparations should begin this year
On 25 September 2024, the Estonian government submitted a draft law on the defense tax to the Parliament, which introduces a temporary defense tax consisting of three components, including a 2% tax on corporate profits. Most companies will have to pay the defense tax for the first time on 10 September 2026.
Urzula Välb
Kristjan Järve
| 9 min read | 16 Oct 2024
IT tools for analysing consumers’ financial solvency – additional support or a source of doubt?
Business Risk Services IT tools for analysing consumers’ financial solvency – additional support or a source of doubt?
Matters concerning evaluation of the creditworthiness of consumers have returned to the focus during the last year. Discussions revolve around consumers’ increased loan burden and share of loans in default; there is lobbying for additional support from the establishment of a positive credit registry, and the Financial Inspectorate has started getting tougher with fines on market participants who don’t abide by the rules.
6 min read | 29 Aug 2024
Which financial sector companies are required to conduct an internal audit?
Internal audit Which financial sector companies are required to conduct an internal audit?
Those operating in the financial sector are bound by various laws along with requirements for internal audit arising from those laws. In addition, the Auditors Activities Act governs the provision of internal audit service, defining who is allowed to be engaged in the professional activities of an internal auditor.
Kristina Mjasojedova Grant Thornton Baltic
Kristina Mjasojedova
| 3 min read | 23 Aug 2024
When does an Estonian company have to appoint a contact person?
Legal When does an Estonian company have to appoint a contact person?
The rules on the contact person underwent a facelift as part of company law reform, the majority of the amendments of which came into force on 1 February 2023.
Merli Kesküla
Merli Kesküla
| 3 min read | 05 Jul 2024
Compulsory deletion of a company leaves only poor options on the table
Legal Compulsory deletion of a company leaves only poor options on the table
Last year, an amendment to the Commercial Register Act was passed, which meant more fines for companies for the purpose of making the Estonian business environment more transparent.
Kristel Tiits
Kristjan Järve
| 7 min read | 12 Jun 2024
Frequently asked questions for internal auditors
Internal audit Frequently asked questions for internal auditors
In their work, internal auditors often come across a situation where clients want to have an internal audit done in their organization, but since they have no previous contact with an internal audit service, they have a number of questions.
Kai Paalberg
Kai Paalberg
| 7 min read | 24 May 2024
When to fire your accountant?
Business Process Solutions When to fire your accountant?
A high-quality accountant who uses modern technological solutions – up to and including AI – can do more for a company than ever before. An accountant can be closer to a CFO’s skillsets than a data entry role.
Gaily Kuusik
Gaily Kuusik
| 6 min read | 21 May 2024
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