Posts tagged as vow

Lithuanian employers vow not to cut wages, if income tax is reduced

Monday, May 25, 2020

Employers in Lithuania pledged not to cut wages if the parliament reduces the income tax rate from 20 to 15 percent, and increase non-taxable income by 50 euros. The memorandum was signed by the Infobalt association, the Investor’s Forum, the Lithuanian Confederation of Employers, the Lithuanian Confederation of Industrialists, the Lithuanian Association of Chambers of Commerce, Industry and Crafts as well as the Lithuanian trade unions Solidarumas and Sandrauga. The…