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 includes an increase in the monthly TEA to EUR 747 for individuals with monthly employment income not exceeding the minimum monthly wage (salary) as on 1 January of the current calendar year, with a maximum annual TEA of...