Lithuania Increases Tax-Exempt Amount for Employment Income in 2024, Extends Tax Incentives for Investment Projects and Film Production Investment, Ends Reduced VAT Rate for Catering Services
Lithuania's State Tax Inspectorate (STI) recently issued releases on certain tax changes approved at the end of 2023. The first release concerns amendments to the Personal Income Tax Law made by Law No. XIV-2383 in relation to the monthly and annual tax-exempt amount (TEA) for employment income of resident individuals, which was published in the Official Gazette on 23 December 2023. This incl…
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