Insights of experts

We’re excited to introduce Grant Thornton’s new series on trending international insights, with a look at how disruption can drive growth and set mid-market firms apart. Instability has come to define the global business landscape. Today, business leaders face an unprecedented array of both routine operational challenges and unpredictable global or regional shocks – challenging their ability to function and grow. From infrastructure breakdowns and cyberattacks to climate disasters and volatile shifts in global trade, disruption has become a daily reality.

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.

Ensure effective corporate governance with adherence to board term limits. Learn why compliance is crucial for trust, accountability, and legal integrity.

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.

“Lithuania's e-Residence program is a digital solution that makes it easy for non-Lithuanians to start and run a business from anywhere in the world. With an e-Residence card, you can access a variety of online services and sign legal documents electronically, which greatly simplifies the process of starting a business in Lithuania.“

World Economic Forum (WEF) recently issued the Global Risks Report 2023. It identifies several high impact / high probability risks related to economic downturn, warfare, societal polarization and digital privacy.

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.

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.

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.

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.