From January 1, 2026, new corporate tax rates will be implemented in Lithuania, as clearly defined by the VMI. These changes are significant for businesses as they apply to the calculation of the 2026 tax period's corporate tax, even if a company's fiscal year does not align with the calendar year. This means all companies must consider the new rates regardless of their fiscal year start.
New Corporate Tax Rates
The State Tax Inspectorate (VMI) emphasizes that these changes are necessary to ensure fair tax collection and efficient budget planning. Learn more about other legal aspects that may affect your business.
GPM Declaration Changes
In addition to corporate tax changes, the VMI recently announced changes to the GPM declaration relevant for declaring 2025 income. This is important to note as it may impact individual tax declarations and planning.
How to Prepare for the Changes?
Businesses are advised to consult with legal and financial advisors to adequately prepare for these changes. You can seek legal assistance and consultations to ensure your company complies with all new requirements.
To better understand how these and other legal changes may affect your business, we suggest reading about Labor Code changes from 2026.