Development of Tax Regulations in the Baltics in 2025
Ellex Tax Practice has prepared an overview of the most significant changes from 2025.
Key Takeaways:
- Latvia – Higher taxes for individuals from 2025 in Latvia. New personal income tax on annual income above EUR 200,000.
- Estonia – New Security Tax marks a significant shift in the country’s tax landscape. While it supports national defence, businesses must prepare for higher costs with the VAT increase and additional profit tax. Strategic tax planning will be essential in 2025 and beyond.
- Lithuania – Starting in 2025, Lithuania’s corporate income tax rate increases from 15% to 16%, while personal income tax brackets remain unchanged.
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