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Tax servicesGrant Thornton Baltic has been named a finalist in the ITR Europe Tax Awards 2026, an awards competition organised by the international tax publication International Tax Review (ITR).

Lithuania is planning a comprehensive tax reform in 2026 aimed at strengthening national defence funding and supporting economic development. The changes will affect multiple areas of taxation and may have a significant impact on both businesses and individuals.
Tax Partner
Partner, Head of Tax
Grant Thornton Baltic has been named a finalist in the ITR Europe Tax Awards 2026, an awards competition organised by the international tax publication International Tax Review (ITR).
From a taxation and accounting perspective, gift cards are not merely payment instruments. Their treatment depends both on the type of gift card and on whether the card is sold or given away free of charge. Therefore, now is a good time to revisit when and how gift cards should be taxed and how they should be properly recognised in accounting.
The taxation of passenger cars in Estonia mainly depends on who owns the car, how it is used for business purposes, and whether private use is allowed. The Tax and Customs Board follows the principle that not only the actual use of the car matters, but also the possibility of private use.