The Lithuanian parliament (Seimas) is considering draft law XIVP-1125(2), which contains amendments to Article 46.1 of the Corporate Income Tax law on deduction incentives for ongoing investment projects. Under the current article, companies are allowed to deduct the cost of acquiring qualifying assets in full in the year of acquisition, provided the assets are necessary for carrying out the investment project. Qualifying costs may reduce up to 100% of the taxable profits calculated for a year, with the excess allowed to be carried forward up to four consecutive years. The draft law would amend the incentive to provide that it...