Posts tagged as tax cuts

Lithuanian president proposes tax cuts, one-off child benefits

Friday, May 15, 2020

Lithuanian President Gitanas Nausėda on Friday proposed temporary income tax cuts and one-off payments to families with children to stimulate the country’s economy. The president presented the additional package worth 500 million euros after signing the Seimas-adopted law on one-off payments of 200 euros to pensioners and other social benefit recipients. Nausėda proposed to cut income tax from 20 to 15 percent on salaries below 4,000 euros per month, before…