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Lithuania’s Seimas has lifted the tax-free income threshold, which will be applied to all labor income this year, by 50 euros, to 400 euros.
Parliament lifts tax-free income threshold
© DELFI / Andrius Ufartas

The respective amendments to the Law on Income Tax, which were initiated by President Gitanas Nauseda, were passed in a vote of 111 to zero, with one abstention.

According to Nauseda, a higher tax-free income threshold would leave lowest-paid workers with higher disposable income.

Previously, the authorities planned to lift the tax-free income threshold to 400 euros early in 2021.

However, the Seimas turned down another initiative put forward by the president, who called to reduce the income tax rate by 5 percentage points until the end of December.

BNS
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