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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.

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.

On 26 February 2025, the European Commission (EC) released a new package of proposals (the Omnibus) to amend some key pillars of the European Green Deal. The overall goal of the Omnibus is to reduce reporting burdens, particularly for smaller and mid-sized entities, and increase efficiency in sustainability reporting.

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.

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.

On 26 February, the European Commission released significant proposals for easing the European Union’s sustainability rules. Called the Omnibus Package, the proposals covers the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD) and EU Taxonomy regulations.

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.

Companies are running out of time to start this year’s ESG report process – in fact, a business starting today might not make it in time. “That doesn’t mean they should just forgo submitting a report. It’s worth making the effort and getting at least half of it done,” said Grant Thornton Baltic partner and Head of Audit and Assurance Services Mart Nõmper.

It is becoming more accepted that companies should not only focus on their own main goal – earning a profit – but also consider the environmental and social impact of their activities.

A long-awaited legislative amendment has finally arrived: the thresholds for audit and review obligation will rise by 25%.

The Whistleblower Protection Act, which came into effect on September 1, 2024, protects employees, shareholders, and clients in the event of corporate misconduct, but there is still confusion in certain situations about how to interpret the law precisely.

On December 11 2024, the Parliament of Estonia passed the Defence Tax Act, which will apply to individuals, companies, and non-residents earning taxable income in Estonia.

Whether the 2024 packaging report needs to be audited depends on whether the most recent audited packaging report was for 2020 or 2021.

The details of the defense tax that will take a bite out of corporate profits appear to be rife with inequality and unfairness, and a closer look reveals situations where taxes must be paid by those who haven’t turned an actual profit.

Tax changes that await in 2025 onwards.

Starting 1 January 2024, a global minimum tax obligation is in effect for large multinational enterprise groups with consolidated revenue of more than 750 million euros in European Union member states and many third countries (such as UK, Switzerland, Canada, Australia, Singapore etc.)