Changes
of minimum monthly salary from 1 January 2020
Please be informed that minimum monthly salary has been increased by the
Lithuanian Government as from 1 January 2020 as follows:
·
minimum
monthly salary will be EUR 607;
·
minimum
hourly salary will be EUR 3,72.
Below is
the table with the comparison of minimum rates applied until 31 December 2019
and from 1 January 2020:
|
Till 2019.12.31 |
From 2020.01.01 |
Minimum monthly salary |
EUR 555 |
EUR 607 |
Minimum hourly salary |
EUR 3,39 |
EUR 3,72 |
|
Variable monthly untaxable income amount (MUIA) (formula) |
Untaxable income amount for limited working capacity employees |
|
0-25% |
30-55% |
||
Till 2019.12.31 |
MUIA=300-0,15*(MEI- 555) |
EUR 353 |
EUR 308 |
From 2020.01.01 |
MUIA=350-0,17*(MEI- 607) |
EUR 645 |
EUR 600 |
From 2021.01.01 |
MUIA=400-0,18*(MEI- MMS) |
EUR 645 |
EUR 600 |
|
Standard PIT |
Progressive PIT |
When progressive PIT is applied? |
Till 2019.12.31 |
20% |
27% |
For the part of employment income exceeding 120 AMS* (EUR 136 344) |
From 2020.01.01 |
20% |
32% |
For the part of employment income exceeding 84 AMS* (EUR 104 277,60) |
From 2021.01.01 |
20% |
32% |
For the part of employment income exceeding 60 AMS* |
|
SSC (employee’s) |
Transfer to additional pension fund (voluntary) |
SSC (employer’s) |
Ceilings to SSC* |
Till 2019.12.31 |
19,50% |
1,8% or 3% |
1,77% |
For the part of employment income exceeding 120 AMS (EUR 136 344) |
19,50% |
2,1% or 3% |
1,77% |
For the part of employment income exceeding 84 AMS (EUR 104 277,60) |
|
From 2021.01.01 |
19,50% |
2,4% or 3% |
1,77% |
For the part of employment income exceeding 60 AMS |
From 2022.01.01 |
19,50% |
2,7% or 3% |
1,77% |
For the part of employment income exceeding 60 AMS |
From 2023.01.01 |
19,50% |
3% |
1,77% |
For the part of employment income exceeding 60 AMS |
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