Changes of minimum monthly salary from 1 January 2019

  • minimum hourly salary will be EUR 3,39.
  • minimum monthly salary will be EUR 555;

These minimum amounts are already multiplied by coefficient 1,289, therefore additional procedures of conversation are not required starting 2019.

Below is the table with the comparison of minimum rates applied until 31 December 2018 and from 1 January 2019:

 

Till 2018.12.31

From 2019.01.01

Minimum monthly salary, EUR

400

555

Minimum hourly salary, EUR

2,45

3,39

Recent Posts

Expanding your business in the Baltic States: what challenges lie ahead and how to overcome them - Leinonen
February 14, 2025

Expanding your business in the Baltic States: what challenges lie ahead and how to overcome them

When companies look to expand into foreign markets, the Baltic States often become the first choice. Operating in neighboring countries presents numerous opportunities but also…

Continue reading
Key Criteria for Choosing an Accounting Program: Essential Solutions for Effective Financial Management - Leinonen
February 5, 2025

Key Criteria for Choosing an Accounting Program: Essential Solutions for Effective Financial Management

In today’s business environment, financial accounting and operations management are inseparable from the use of digital tools and advanced applications. Whether establishing a new company,…

Continue reading
January 6, 2025

PAYROLL IN LITHUANIA: KEY INSIGHTS INTO REGULATION AND TAXATION

Understanding the complexities of payroll laws is essential for employers and employees alike to ensure compliance and foster a productive work environment. This guide provides…

Continue reading