Explore the latest Key Tax Changes in the Baltics for 2026 with our expertly crafted booklet, prepared by tax professionals from Lithuania, Latvia, and Estonia. Navigate the evolving tax landscape confidently.
Learn the top outsourcing risks businesses face today, including loss of control, poor transition planning, outdated technology, talent shortages, wrong provider selection, and risks linked to fourth‑party dependencies. Understand how to manage these threats to ensure successful and secure outsourcing.
Grant Thornton’s Women in Business 2026 report highlights how gender diversity in leadership supports business growth, resilience and long-term success.
Tax laws changes affecting payroll as of January 1, 2023 in Lithuania
New research from Grant Thornton reveals how mid-market businesses globally are failing to take adequate steps to protect their business against the threat of inflation. The research coincides with the release of Grant Thornton’s “Essential action plan for managing in inflationary times” and highlights that around three-quarters of businesses globally have not taken the actions we are recommending.
The most relevant changes to the Labor Code of the Republic of Lithuania are for the attention of company managers, managing accounting persons and human resources managers. Some of them have already entered into force since 2022 July 1. We invite you to check what is relevant for both the employer and the employee and for general payroll accounting.
In the competition to hire top talent, many tech and telecom firms are looking abroad. The industry’s employees are already more likely to be location-independent. In fact, the recent Grant Thornton State of Work survey showed that 72% are remote, and more than half rarely go into an office.
All legal entities established in Lithuania must receive, update and store accurate information about their Ultimate Beneficial owners (UBO). This information must be provided to the Legal entities register (UBO subsystem JANGIS) no later than 10 days from the data change.
Whenever financing needs to be granted between associated companies, either belonging to a same group or associated by other criteria, tax authorities can challenge the interest rate as being too high, or too low, and accordingly calculate additional corporate income tax. Transfer pricing, free loans, transactions between associated companies, tax advisory.
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.
Key Lithuanian tax changes as of 2022. Changes in corporate taxation, payroll taxes, personal Income Tax, Tax for Environmental Pollution, Future tax reforms.
Tax laws changes affecting payroll as of January 1, 2022. The minimum monthly salary is raised, changes in the formula for calculating the amount of tax-free income, changes in pension accumulation.
The law transposes the EU directive into Lithuania, Latvia and Estonia law and entails an obligation for organizations to create internal and external reporting channels for reporting internal misconduct. The infringements that whistleblowers can report are very different – breaches of procurement procedures, internal fraud, breaches of environmental requirements, and so on.
Key changes in tax legislation in Lithuania, Latvia and Estonia in 2021
Cookies can't read data off your hard drive or cookie files created by other sites; they are one of the technologies tracking people’s behaviour on the web.
On 16 July 2020, the European Union Court of Justice (CJEU) passed judgment C-311/18 (Schrems II), invalidating the US-EU certificate programme Privacy Shield, which ensures data transmission security.
In January WhatsApp announced that it is changing its data policies so that the users only options are either to agree to their data policy and make data about them available to Facebook, the owner of WhatsApp, and any of its chosen third parties or not use the service.
In addition to the pandemic the 2020 is memorable as the year or record growth in cybercrime. According to the FBI the USA companies have reported a 400% growth in cyber-attacks and 68% more companies reported of fraud.
Tax laws changes affecting payroll as of January 1st 2021