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Lithuania Considering Extension of Two-Tier Personal Income Tax Rates on Employment Income to All Income

|Proposed Changes|Lithuania
Lithuania

The Lithuanian government is reportedly planning to extend the two-tier personal income tax rates on employment income to all income types. The two-tier rates for employment income are 20% on income up to 60 VDU and 32% on the excess. Other income is generally subject to tax at a rate of 15% on income up to 120 VDU and 20% on the excess. Income from dividend (profit) distributions is subject to…

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