Blog
Tax and Other Legal Changes for Companies from January 1, 2026
Starting from 2026, important tax and labor law changes will come into effect in Lithuania, including increases to the minimum wage, updates to personal income tax rates, corporate tax reliefs, real estate and VAT changes, as well as new labor code requirements for employers. Here is an overview of the key changes affecting businesses.
Corporate tax in 2026: key changes and practical examples
Important changes to corporate income tax come into effect from 2026: rates increase, instant depreciation of fixed assets is introduced, the procedure for carrying forward losses is changed, and exemptions are expanded. The article provides clear explanations, comparisons, and practical examples for business.
Audit companies in Lithuania
An audit company is a company registered in the list of audit companies. Pursuant to the provisions of the Law on the Audit of Financial Statements of the Republic of Lithuania, a company may start auditing activities only when it is entered into the list of audit companies by the decision of the Chamber of Auditors of Lithuania. The list of audit companies may include companies registered in the Republic of Lithuania and audit companies of member states that have established branches of the Republic of Lithuania, as well as other audit companies of member states that wish to perform audits in accordance with the procedure established by legal acts of the Republic of Lithuania.
What is an audit?
What is an audit? An audit is an analysis and assessment of the subject to be checked, usually financial statements, in order to express an opinion about the company's financial condition, performance and cash flows. Thus, an audit generally refers to an audit of financial statements.