The Lithuanian government is actively discussing the possibility of increasing taxes for citizens in order to increase funding for the defense sector. Thus, corporate tax could increase from 15% to 16%.
VAT rates may rise from 21% to 22%. Progressive income tax rates may be revised and some benefits removed.
In addition, the rate for small companies may increase from 5% to 10% in order to place all businesses in fairer conditions.
At the moment, all proposals are at the discussion stage and require detailed analysis.