Lithuania has published Law XIV-725 on amendments to the Real Estate Tax Law. The law provides for an increase in the minimum real estate tax (NTM) rate that may be set by municipalities from 0.3% to 0.5%, while the 3.0% maximum rate is unchanged. The increase had been approved as part of earlier legislation but needed to be reapproved due to procedural issues that were found not to have met constitutional requirements. Law XIV-725 enters into force on 1 July 2022 and applies for the calculation and declaration of real estate tax for the tax years 2022 and later. A...