Insights of experts

We would like to inform that the 16th of October 2025 Government of the Republic of Lithuania ruling No. 709 "Regarding the Minimum Wage Applicable in 2026” will come into force as of 1st of January 2026 where minimum monthly salary is raised by 115 EUR – from 1 038 EUR to 1 153 EUR and the hourly wage – from 6,35 EUR to 7,05 EUR.

With the deadline for filing annual income tax returns approaching, GTB experts remind of the applicable social security contributions and PIT after reaching the income threshold of 60 national monthly average salaries

28th of August 2024 Government of the Republic of Lithuania ruling No. 709 "Regarding the Minimum Wage Applicable in 2025” comes into force as of 1st of January 2025 where minimal salary is raised by 114 EUR – from 924 EUR to 1038 EUR and the hourly wage – from 5,65 EUR to 6,35 EUR.

Grant Thornton Baltic tax experts break down the latest updates on the main tax changes in Lithuania as of September 2024

Uncover key tax changes in Lithuania for 2024. Our tax professionals break down the latest updates.

28th of June 2023 Government of the Republic of Lithuania ruling No. 516 "Regarding the Minimum Wage Applicable in 2024” comes into force as of 1st of January 2024 where minimal salary rises by 84 EUR – from 840 EUR to 924 EUR and the hourly wage – from 5,14 EUR to 5,65 EUR.

Tax laws changes affecting payroll as of January 1, 2023 in Lithuania

The most relevant changes to the Labor Code of the Republic of Lithuania are for the attention of company managers, managing accounting persons and human resources managers. Some of them have already entered into force since 2022 July 1. We invite you to check what is relevant for both the employer and the employee and for general payroll accounting.

Tax laws changes affecting payroll as of January 1st 2021

Social security contributions changes from 2018

Approved final decision - from 2018 1st of January Minimum monthly wage is raised by 20 € - from 380 € to 400 €