The non-taxable income (NPD) threshold will be moving closer to the minimum wage rate at a slower pace next year due to increased spending on defence, roads and social services, Prime Minister Ingrida Šimonytė said Tuesday.
minimum wage
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In October 2023, the number of employees receiving minimum monthly wage (MMW) and lower gross earnings in the whole economy (individual enterprises included) amounted to 122 thousand and it was 10.2 percent of total number of employees (0.5 percentage point more compared to October 2022). The majori...
The Government on Wednesday approved the minimum hourly pay of EUR 5.65 and minimum monthly wage of EUR 924, before taxes, which will take effect as of next year.
The Lithuanian government proposes to raise the minimum wage from 607 euros to 642 euros before tax and increase the monthly child benefit from 60 euros to 70 euros next year.
Lithuania's minimum wage could be raised by about 35 euros to 642 euros as of next January, Social Security and Labor Minister Linas Kukuraitis said on Thursday.
New taxes and payout rates will be introduced in Lithuania on Jan 1. BNS offers an overview of seven key changes:
Some 640,000 of Lithuania's population, or 22.2%, were below the poverty risk line in 2015, up by 3.1 points year-on-year, according to a survey of incomes and living conditions carried out by the country's statistics office. To read this article, try a €5.99 monthly subscription by clicking here.
The Government will discuss on Thursday whether or not it should support a proposal to increase the tax-free income level. To read this article, try a €5.99 monthly subscription by clicking here.
Lithuania's minimum monthly wage will be increasing on Friday by €30 to €380. To read this article, try a €5.99 monthly subscription by clicking here.
The International Monetary Fund (IMF) says Lithuania should put a pause on raising the minimum wage in order to sustain its economic growth.
