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Lithuania Budget Measures for 2018 Adopted

04 January 2018

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Approved Changes

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Lithuania

Lithuania has reportedly adopted the Budget measures for 2018. Main measures include: The introduction of an IP regime in accordance with the modified nexus approach that provides for a 5% tax rate on income from qualifying IP; An increase in the maximum credit for the investment project incentive from 50% to 100% of taxable income per year through 2023; The introduction of a one-year corporate tax exemption for small start-ups; An increase in the free economic zone tax exemption period to ten years with a 50% reduction for the following six years (changed from six-year exemption followed by ten-year reduction);...