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WALLESS • Estonia • Latvia • Lithuania Tax questions can stand on their own, but they often come with deals, investments, group structures, disputes and everyday business decisions, and frequently cross more than one border. That is why strong tax advice needs more than knowledge of one tax or one market. It needs people who understand the business behind the question and can work together across jurisdictions. The 2027 edition of ITR World Tax recognises WALLESS tax practices across Estonia, Latvia and Lithuania, as well as eight of our tax professionals. Inguna Abele, Rolan Jankelevitsh, Priit Raudsepp and Ivo Vanasaun are named Highly Regarded. Edvard Gasperskij, Alma Monkevičienė (Marcinkutė) and Tatjana Sinkeviča are listed as Notable Practitioners, while Kristers Zālītis earns Rising Star recognition. Ingūna is also included in the Women in Tax Leader category. This comes from the work our clients trust us with across the Baltics. Thank you for that trust, and congratulations to the whole WALLESS Tax team.

WALLESS • Lithuania Defense investment is growing. But investment alone does not build a strong defense industry. Lithuania needs an environment where businesses can plan, invest and develop new capabilities with confidence. This is the central message of the new White Paper published by the American Chamber of Commerce in Lithuania, developed by its Resilience & Defense Committee, chaired by WALLESS Partner Laura Ziferman. The paper sets out practical recommendations on defense procurement, access to financing, regulatory barriers and public-private cooperation. “Lithuania has the ambition, the talent and growing investment in defense. What businesses need now is predictability and a clear path from innovation to implementation. Stronger cooperation between the public and private sectors is essential if we want to turn today's investment into lasting security and economic value,” says Laura Ziferman. The White Paper calls for a shift from strategic commitments to measurable action, creating better conditions for Lithuanian businesses to grow and compete internationally. Because building a stronger defense industry is not only about how much we invest, but also about what we enable businesses to build. Read the White Paper: https://shorturl.at/fZpm8

WALLESS • Lithuania Lithuanian startups took London last week. Founders pitched to prominent venture capital investors at the Lithuanian Embassy during the Lithuania–UK Business Forum 2026, while the VCs shared their insights on getting ready to raise: know your why, know your metrics, drill the presentation. Plus one that rarely makes it onto a pitch slide but always comes up in due diligence: make sure your cap table is investable. The conversation carried on at the “From Pitches to Pints” event by Vilnius Founders, with WALLESS as main partner. There, our Partner Andrius Ivanauskas shared some thoughts on cap table investability with Lithuania’s next breakout startups. Thanks to Edmundas Balčikonis, Vilnius Founders and everyone who joined us in London. Same time next year?

WALLESS • Lithuania The best legal advice should still look like the right decision years later. That is the standard we hold ourselves to. WALLESS has been named Lithuania Firm of the Year at The Legal 500 Central and Eastern Europe Awards 2026. An award is one moment. The work behind it is hundreds of decisions across transactions, disputes and everything in between, where legal advice has to make sense not only on paper, but for the business behind it. Thank you to our clients for trusting us with those decisions. And to the whole WALLESS team for making them count.

WALLESS • Lithuania $5 million in annual recurring revenue within 252 days, on less than €1 million raised. Now Holo is taking that momentum into its next stage of growth. The Vilnius-based AI marketing platform has raised €5 million in a seed round led by Market One Capital, with participation from Silicon Gardens, FIRSTPICK, Leonis Capital, Tekton Ventures, NGL Ventures and business angels. The funding will further develop Holo’s marketing autopilot, which plans and runs marketing for small businesses, bring it to more of them and expand the team in Vilnius. More than 20,000 businesses across over 100 countries already pay for Holo. WALLESS advised Holo on the round. The team was led by Partner Andrius Ivanauskas, with Associate Reda Stalioraitytė, Associate Partner Guoda Šileikytė, and Senior Associates Ieva Šmigelskaitė and Mykolas Lukšėnas. Congratulations to the Holo team and all investors involved – now that is a campaign that converted!

WALLESS • Lithuania Investing in new machinery, software or IT equipment? In Lithuania, it may come with a tax advantage. Under the Law on Corporate Income Tax, companies can immediately deduct the acquisition cost of certain qualifying fixed assets, in the tax period the asset is put into use. This includes machinery and equipment, computer and communication equipment, software, acquired rights and specified freight vehicles. Conditions apply, including at least three years of business use. Assets covered by the separate investment project tax relief are excluded. • WallessTaxCookies