Paying taxes
Economy

Proposed tax reform: Higher income for lowest earners, fewer exceptions

The Lithuanian government of Prime Minister Saulius Skvernelis has stepped back on its intentions of consolidating income-related taxes on the employee side, including the social insurance fees currently paid by the employee. The Cabinet has decided to shift its focus on reduction of the tax burden on the people with lowest income and unification of different tax regimes. […]

Children crossing the street
Society

Some 104 children killed on Lithuania’s roads in 6 years

Some 104 minors have died in traffic accidents in Lithuania in the past six years, accounting for around 5 percent of all road fatalities, the country’s traffic police said on Thursday. […]

Worker at a warehouse
Economy

Lithuania drops 3 places to 33rd in world competitiveness ranking

Lithuania slipped three places to 33rd among 63 nations in the 2017 world competitiveness ranking released by the Swiss-based International Institute for Management Development (IMD). […]