Lithuania Adjusts Tax-Exempt Amount for Employment Income in 2025

Lithuania has published Law No. XV-32 on amendments to the Personal Income Tax Law, which enters into force on 1 January 2025. The amendments include adjustments to the determination of the monthly and annual tax-exempt amount (TEA) for employment income of resident individuals. This includes maintaining the monthly TEA at EUR 747 for individuals with monthly employment income not exceeding th…
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