trending Market Intelligence /marketintelligence/en/news-insights/trending/G1_G3TCekwLl-DQ7E21skw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Lithuanian lawmakers approve corporate tax hike for banks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Report: Lithuanian lawmakers approve corporate tax hike for banks

The Lithuanian parliament passed legislative amendments increasing corporate tax on banks' profits exceeding €2 million to 20% starting from 2020, the Baltic Course reported Dec. 17, citing news agencies LETA and BNS.

All legal entities operating in Lithuania, including banks, currently pay a 15% corporate tax on their profits. The approved tax hike, which is expected to generate approximately €20 million in additional budget revenue, replaced an earlier proposal to introduce a separate tax on bank assets, the report noted.

Gintare Skaiste, a member of the parliament's committee on budget and finance, said the tax hike could reduce competition in the banking sector, while Liberal MP Simonas Gentvilas noted that he plans to refer the tax hike to Lithuania's Constitutional Court.