The Lithuania government has put forward a plan for individual income tax and social security reform. Key reforms include: The replacement of the current flat individual income tax rate of 15% with a two-rate system that would include a 21% rate on income up to the social security contribution basis cap (see below) and a 25% rate on the excess; The introduction of an annual social security contribution basis cap equal to 120 average monthly salaries in 2019, 84 average monthly salaries in 2020, and 60 average monthly salaries in 2020; The introduction of new social security contribution rates of...