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By choosing Palanga as the city where it is planned to live, work and raise children permanently, it will incentivize young people and families returning from emigration with targeted benefits of up to 50%. the amount of a person’s annual personal income tax paid to the budget of the city of Palanga during a calendar year. The maximum benefit per person will not exceed one thousand. by year.
This financial support will be available to young people until they turn 29, who have not lived in Palanga for three years (they have not declared their place of residence in this city), as well as to young people who have left Palanga to study ( Earned postgraduate or higher education diplomas (full-time study).
The same amount of financial incentive will apply for three years to families that return raising a child of preschool and school age or children attending Palanga preschool or general education institutions, if at least one parent and at least one child have lived in emigration for at least three years.
Mindaugas Skritulskas, Chairman of the Council’s Economic and Financial Committee, which initiated these changes, has no doubt that these support measures will encourage young people to live and work in Palanga, so there will be more young people in the resort. According to M. Skritulskas, this should lead to the creation of new jobs in the future: as more children appear in the city, there will be a greater need for teachers.
“All Palanga residents will also indirectly feel the benefits of this solution, as it will increase the number of young, educated and healthy residents in the city, as will the circle of taxpayers. Therefore, the city budget will receive more. Income and benefits for young people coming to Palanga and families raising children will receive only up to half of the personal income tax they have already paid, ”said M. Skritulskas.
Residents who have returned to Palanga from abroad are also expected to invest their savings in the resort, purchase real estate in Palanga and possibly start their own business.
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