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Lithuanian Parliament Considering Increased Tax-Exempt Amount for Employment Income

|Proposed Changes|Lithuania
Lithuania

The Lithuanian parliament (Seimas) is considering draft law XIVP-967, containing amendments to the Personal Income Tax Law as part of the 2022 budget. 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 exc…

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