"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.
The European Commission offers to provide 97 million euros to Lithuania to help it transition toward...
Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo...
While competition between start-up ecosystems in Lithuania and other countries is growing rapidly,...