The Lithuanian government is planning to raise tax-exempt income levels again next year, following a hike this January.
© DELFI / Šarūnas Mažeika

"We are planning to have tax-exempt income at about €310, with possibly additional €200 per each child," Prime Minister Algirdas Butkevičius said on LRT Radio on Tuesday.

The government last raised tax-exempt income this January from €166 to €200. Parents with children can deduct €120 per child from their taxable income, twice more than before.

Butkevičius said the measure was intended to raise disposable income for low-earners.

He said the government was also considering VAT exemptions for staple foods.

The €200 deduction from taxable income applies to workers making the minimum wage, €350 a month before tax. It gradually decreases for higher-earning groups and does not apply to anyone making over €928 a month.

The tax deduction for parents applies to everyone without exception.

Liberal MPs have drafted a bill suggesting to raise the tax-exempt income level to the minimum wage.

Luxury packaging designer: simpler it looks probably it was harder to develop and design


Burberry. YSL. Givenchy . This is just some famous brands that Vincent Villeger , luxury packaging...

Vilnius airport's platform to be reconstructed

Lithuania's largest Vilnius International Airport is set to invest 12 million euros in to the...

Kaunas Airport expects to attract some EUR 25 mln in investments

Lithuania's second-biggest international airport in Kaunas plans to expand aircraft maintenance,...

Revolut: no plan change in Lithuania

Following media reports that the UK-based fintech startup Revolut , which already has an e-money...

Vilnius ranks second to Riga among Baltic airports by traffic

Lithuania's largest international airport in Vilnius ranked second only to Riga among all Baltic...