Lithuania has published Law No. XIV-713 on amendments to the Personal Income Tax Law. The main amendments concern the monthly and annual tax-exempt amount (TEA) for employment income of resident individuals. This includes an increase in the monthly TEA from EUR 400 to EUR 460 for individuals with monthly employment income not exceeding the minimum monthly wage (salary) as on 1 January of the current calendar, with a maximum annual TEA of EUR 5,520. Where monthly employment income exceeds the minimum monthly wage but does not exceed EUR 1,678, the TEA is reduced according to the formula: EUR 460 -...