If you’re an online seller in the Baltics, there’s one name you already know Pigu.lt(also known as 220lv and Kaup24). As the largest e-commerce platform in the region (and part of the Pigu Group / PHH Group), Pigu connects thousands of entrepreneurs with customers in Lithuania, Latvia, and Estonia every day. But while listing products…
Many foreign shareholders are unaware that dividends from Lithuanian companies can be distributed tax-free under specific conditions. This tax advantage makes Lithuania an attractive location for holding and investment structures within the EU. When Are Dividends Exempt from Tax? If a foreign company holds at least 10% of the voting shares in a Lithuanian company…
As cross-border commerce in the EU evolves, businesses are grappling with immediate regulatory shifts. While the May 2025 VAT amendments are creating an urgent need for compliance changes (like the complex “hybrid VAT status” for cross-border SMEs), the European Union is simultaneously paving the way for long-term administrative simplification. The primary vehicle for this simplification,…
While much attention has been focused on the new Corporate Income Tax (CIT) rates – as detailed in our previous post, “Corporate Income Tax in Lithuania 2026” – the most impactful changes for large-scale investors and company executives are found in the system’s strategic incentives and shifts in Personal Income Tax (PIT). The 2026 tax…
Expanding to Lithuania? Here’s what you need to know about VAT If you’re entering the Lithuanian market or offering goods or services from abroad, understanding VAT registration in Lithuania is one of your first compliance steps. Lithuania follows the EU VAT system, but local rules, forms, and deadlines are unique. This guide explains how to…
Lithuania’s economy is expected to continue growing steadily in 2026, providing a generally favorable environment for entrepreneurs and corporate investors. After a brief slowdown in 2022–23, real GDP growth has picked up (2.7% in 2024) and is forecast to remain around 2.5–3.0% in 2026[1][2]. This growth is being driven by robust private consumption (buoyed by…
Nestled on the Baltic Sea, Lithuania is quietly scripting one of Europe’s most impressive economic success stories. While larger economies grapple with stagnation, this nation of 2.8 million has consistently punched above its weight. But what does its future hold? By synthesizing projections and trends, we can diagnose the Lithuanian economy in 2026—a landscape defined…
As a new year approaches, so do important tax changes. In 2026, Lithuania will implement a comprehensive tax reform package that impacts corporate income tax (CIT). Understanding these changes now is essential for proactive financial planning and ensuring your business remains compliant and competitive. The New Tax Rates for 2026 The most significant…
Many entrepreneurs from foreigner countries are interested in Europe as a business environment, but how to choose the exact country to start your business in? In this article we highlight Lithuania and bring out the reasons making Lithuania stand out. Lithuanian government has a strong emphasis of creating new jobs and therefore they are happy…
As annual report due dates are approaching, now is the ultimate time to start the process of submitting your company’s annual report. Annual reports are mandatory and required by the law in every country. To make business owners’ life easier and to avoid penalties, we have put together a guide of annual report due dates and prices in different countries.