Accounting, Payroll, Tax & Legal since 1989

Increase of the minimum monthly wage from 2020

From January 1, 2020 the gross minimum monthly wage in Lithuania will be EUR 607, 9,4% higher than it is now – EUR 555. Meanwhile, the gross minimum hourly wage will be EUR 3,72 instead of the current EUR 3,39.

It is estimated that the net minimum monthly wage should increase from EUR 396 to EUR 425 – 445, depending on the amount of non – taxable income.

Furthermore, the increase in the minimum monthly wage will also change the State Social Insurance Fund Board contribution floor which is equal to minimum monthly wage

If you have any related questions, please do not hesitate to contact us. Leinonen team will be happy to help you.


26.07.19


Author: 

linkedin icon image logo
Evelina Dausėnaitė

Evelina Dausėnaitė

Head of Tax & Legal

Mobile: +370 699 77637

Email: evelina.dausenaite(at)leinonen.lt

Latest articles

23

Aug

Why should my business outsource accounting services?

18

Oct

Potential changes in the pharmaceutical regulation

30

Sep

Employers are obliged to promptly record the working...

Contact

Email again:
Services