Lithuania's Ministry of Economy and Innovations has reportedly proposed amendments to the country's investment project incentive that would relax some of the conditions. This would include allowing the incentive to apply in respect of investments in fixed assets that replace similar existing assets (currently excluded) and extending the condition on the age of qualifying assets (time between production and first use) from two years to ten years. The incentive, which is currently scheduled to expire the end of 2023, allows a deduction for the costs of qualifying asset investment up to 100% of taxable profits (50% prior to 2018). Subject...