Key elements of the proposed tax reform in Lithuania

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On March 20th, 2023, Ministry of Finance of Lithuania revealed proposals on tax reform, to be submitted to Parliament early May, to enter into force from the year 2024 (if adopted). 

Tax specialists in Grant Thornton Baltic Lithuania summarized the key aspects of the tax reform, relevant for the businesses.

  • Corporate income tax
  • Personal income tax
  • VAT registration limitation
  • Property tax for individuals
  • Taxation of energy products

Check out the Lithuanian tax reform proposals.

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