Lithuania has published Law No. XIV-1550 on amendments to the Personal Income Tax Law. The main amendments concern the monthly and annual tax-exempt amount (TEA) for employment income of resident individuals. This includes an increase in the monthly TEA to EUR 625 for individuals with monthly employment income not exceeding the minimum monthly wage (salary) as on 1 January of the current calendar year, with a maximum annual TEA of EUR 7,500. Where monthly employment income exceeds the minimu…