[ad_1]
G. Nausėda announced in Kaunas on Friday that he would propose to Seimas to temporarily reduce, until the end of the year, the standard rate of personal income tax (PIT) of 20%. up to 15%, applying it to the income of all employees up to the level of 3 average wages (VMU) (approximately 4 thousand euros “on paper”).
The head of state will also propose to advance the planned increase in the amount of tax-free income (NPD) and introduce a NPD higher than 50 euros already this year.
If these proposals were accepted, the highest benefit – € 203.79 – would accrue for a hypothetical person who earned € 4,075.79 on paper (1 cent less than three VMUs at the end of 2019, i.e. € 1,358.6).
All those who earn less than they could receive from € 20.35 (when they receive the monthly minimum wage, € 607 on paper). How G. Nausėda’s proposals would affect the income of each income group, in the charts.
As you know, currently the GPM law stipulates that 84 VMUs per year (7 per month), i. and. about 9.5 thousand. Winnings in excess of this amount must pay 32% of income. tariff.
Nausėda also said on Friday that he would propose to Seimas to adopt a law that a single benefit of 200 euros would be paid to children from low-income and large families, as well as children with disabilities, and a single benefit of 120 euros to all. all other children no later than July.
“The benefits of economic stimulus measures must be perceived by both the lowest-income Lithuanians and the heavily taxed middle class, on which the country’s future depends. Now is the time for the state to make clear it will leave nothing in trouble. Today, we need to lay the foundation for the trust that will unite the forces of society and the authorities to work together more sustainably in the future, “he said.
The total value of these measures would amount to around 500 million. euros
The President also signed a package of 200 euros in benefits for retirees and other low-income workers approved by Seimas, whose objective is to improve the situation of these groups in society in the face of the crisis and provide additional stimulus to the economy.
It is strictly prohibited to use the information published by DELFI on other websites, in the media or elsewhere, or to distribute our material in any way without consent, and if consent has been obtained, it is necessary to indicate DELFI as the source.
[ad_2]
