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New proposal sees tax rise for small business

Proposals considered by the Lithuanian Parliament would raise social insurance contributions that small businesses have to pay into the system and expand benefits for parents. The parliamentary Social Affairs Committee has endorsed a proposal to […]


Lithuania plans to raise retirement age

The Lithuanian Parliament has begun considering legislative amendments that would peg retirement to average life expectancy. It has been proposed that two years after the average projected life expectancy of people aged 65 years grows by six months, the retirement age would be raised by six months as well. […]

State Social Insurance Fund administration

Lithuanian social insurance fund’s deficit to narrow 48 percent in 2016

The gap between revenue and expenditure of Lithuania’s State Social Insurance Fund, the Sodra, next year is expected to narrow by around 48 percent to 95.494 million euros, according to its draft 2016 budget. […]