Lithuania to Adjust Tax-Exempt Amount for Employment Income in 2025
The Lithuanian parliament (Seimas) is considering Draft Law No XIVP-4225 on amendments to the Personal Income Tax Law. The amendments include adjustments to the determination of the monthly and annual tax-exempt amount (TEA) for employment income of resident individuals. This includes maintaining the monthly TEA at EUR 747 for individuals with monthly employment income not exceeding the minimu…
Continue Reading