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Lithuania to Increase Tax-Exempt Amount for Employment Income in 2024 and Extend Tax Incentives for Investment Projects and Film Production Investment

|Proposed Changes|Lithuania
Lithuania

The Lithuanian parliament (Seimas) is considering Draft Law No XIVP-3128 on the approval of the financial indicators of the state budget and municipal budgets for 2024.

In connection with this, the parliament is considering Draft Law No XIVP-3129 on amendments to the Personal Income Tax Law. The amendments concern the monthly and annual tax-exempt amount (TEA) for employment income of reside…

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