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Comprehensive guide to European employment law covering selected jurisdictions across Europe, highlighting key legal provisions, employer obligations, and the practical implications of managing an international workforce.
Changes to Lithuania's daily allowance rules take effect on 1 October 2026. Learn about new business trip regulations, taxation, rates and employer obligations.
Learn the key differences between additional work, overtime, and increased scope of work. Discover when each arrangement should be applied, how it should be documented, and the main labour law requirements employers need to consider.
On 26 February 2025, the European Commission released the Omnibus package to amend key pillars of the European Green Deal, including the CSRD, CSDDD, and Taxonomy Regulations. The goal is to reduce reporting burdens and increase efficiency in sustainability reporting. The European Parliament adopted the 'stop-the-clock' directive on 3 April 2025, postponing CSRD and CSDDD requirements to give entities more time to prepare. The main substantive change is the increase in reporting thresholds. Businesses in Estonia, Latvia, and Lithuania view these changes positively, as they provide more time for preparation and potential cost savings. The Commission has also notified EFRAG to revise the ESRS reporting standard by October 31, 2025.
The newest partner at Grant Thornton Baltic (GTB), Inesa Greičė, is not only a competent and technologically advanced specialist but also a true source of inspiration for the entire Grant Thornton Baltic Lithuania team, proving that success in one's professional path doesn't have to be waited for but can be created actively.
The latest Grant Thornton International Women in Business report explores how gender balanced teams can bring better business performance and provides recommendations to accelerate action in this area.
With the deadline for filing annual income tax returns approaching, GTB experts remind of the applicable social security contributions and PIT after reaching the income threshold of 60 national monthly average salaries
28th of August 2024 Government of the Republic of Lithuania ruling No. 709 "Regarding the Minimum Wage Applicable in 2025” comes into force as of 1st of January 2025 where minimal salary is raised by 114 EUR – from 924 EUR to 1038 EUR and the hourly wage – from 5,65 EUR to 6,35 EUR.
The COVID-19 pandemic has made teleworking an unavoidable necessity and a permanent part of the labor market. This has also led to a number of challenges related to the management of remote work.
Grant Thornton Baltic tax experts break down the latest updates on the main tax changes in Lithuania as of September 2024
Ensure effective corporate governance with adherence to board term limits. Learn why compliance is crucial for trust, accountability, and legal integrity.
Unlock key insights on 2024 tax changes! Our expert guide prepares companies for what lies ahead. Stay ahead in navigating tax adjustments for a successful financial year.
Explore the latest Key Tax Changes in the Baltics for 2024 with our expertly crafted booklet, prepared by tax professionals from Lithuania, Latvia, and Estonia. Navigate the evolving tax landscape confidently.
Uncover key tax changes in Lithuania for 2024. Our tax professionals break down the latest updates.
28th of June 2023 Government of the Republic of Lithuania ruling No. 516 "Regarding the Minimum Wage Applicable in 2024” comes into force as of 1st of January 2024 where minimal salary rises by 84 EUR – from 840 EUR to 924 EUR and the hourly wage – from 5,14 EUR to 5,65 EUR.
A great business idea, a company founded on its basis, rapid development, horizons of new markets and constantly growing profits - an idyllic picture of a successful business. Too good to be true? A successful idea and growth are truly inspiring factors, financial experts agree. However, they remind us of an important point - in the idyll of business growth, quite simple fundamentals such as financial flow management are sometimes forgotten.
The Digital Markets Act (DMA), which entered into force on May 2nd, will significantly contribute to the legal protection of Lithuanian companies that use online marketplaces, search platforms, social networks, cloud computing and online advertising services. The new rules will also improve the situation of consumers.
Three of the threats uppermost in the minds of business leaders in the mid-market were inflation, cyber attack, and economic slowdown.
On 20 of March 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). Below we summarize key aspects of the tax reform, relevant for the businesses.