Lithuania 2024 regulation updates on minimum monthly wages, non-taxable amount and SODRA wages

Changes in minimum monthly wages

The minimum hourly wage is increased by 10%. It is revised from EUR 5.15 to EUR 5.65. The minimum monthly wage (MMW) is revised from EUR 840 to EUR 924.

Changes in non-taxable amount

For persons whose monthly income does not exceed EUR 2,167, the non-taxable amount (NTA) is increased by 20%. It is revised from EUR 625 to EUR 747. It is calculated as per formula “0.50 x (earned monthly wages – minimum monthly wages)”.

For persons whose monthly income exceeds EUR 2,167, the revised amount of NTA would be EUR 400. It is calculated as per formula “0.18 x (earned monthly wages – 642)”.

For persons who are incapacitated to work from 0 to 25 percent, or of retirement age with high level of special needs and severely disadvantaged, the NTA is increased from EUR 1,005 to EUR 1,127.

For persons who are incapacitated to work from 30 to 55 percent, or of retirement age with a moderate level of special needs and mild disadvantaged, the NTA is increased from EUR 935 to EUR 1,057.

Changes in SODRA wages

The new SODRA threshold would be 60 average wage VDU (EUR 114,162).

The above-mentioned changes are applicable from January 01, 2024.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change

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Lithuania 2024 regulation updates on minimum monthly wages, non-taxable amount and SODRA wages

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