Lithuania's State Tax Inspectorate (STI) has issued guidance on tax changes for 2025. Among other thing, the guidance confirms that the standard corporate income tax rate was increased to 16% with effect from 1 January 2025 and that the rate for small companies was increased to 6%, which generally applies to the taxable profit of companies that do not have more than 10 employees (average) and do not have annual income exceeding EUR 300,000. It is also clarified that the increase in the tax rate applies when calculating and declaring a company's income tax for the 2025 tax period, regardless...