The Defense Tax Act, adopted at the end of last year and widely debated due to the proposed taxation of corporate profits, has been repealed. Instead, permanently increased tax rates will now apply to value-added tax (VAT), income tax, and business income tax.
Tax
Key changes in tax legislation in the Baltics in 2024
29 Jan 20241 min read

Contents
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.
Our tax specialists have gathered together the info about tax changes to guide you through the ever-changing tax landscape of the Baltic region. You can access the tax changes here.
Downolad the Baltic Tax Brochure 2024
If you have questions about taxes, we are happy to help you. Please contact our tax consultants!
In Estonia:
Urzula Välb
Senior Tax Manager
P +372 626 0500
E Urzula.Valb@ee.gt.com
In Latvia:
Mārtiņš Lubgans
Head of Tax
P +371 672 873 44
E Martins.Lubgans@lv.gt.com
In Lithuania:
Vykintas Valiulis
Partner, Head of Tax
P +370 620 74 145
E Vykintas.Valiulis@lt.gt.com
TAGS
Related specialists
Contact us!
If you have similar challenges and questions, please contact our specialists.
Related Insights
View more
Tax
Repeal of the Defense Tax Act and Tax Rate Increases
Tax
Reminder – the VAT rate is set to increase soon!
From 1 July 2025 the standard VAT rate will be 24%.
Tax
The Tax and Customs Board expects a clear business justification for the transaction
Kristjan Järve and Madis Laas discussed the necessity of the recently published guidelines by the Tax and Customs Board and the process of their preparation in the show "Kasvukursil".