Starting January 1: new taxes and benefits: key news Business



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Minimum monthly salary

The minimum wage increases from € 607 to € 642 “on paper”, or from € 447 to € 467 “by hand” if a person does not accumulate in the second pension pillar.

Child money

The universal child benefit increases from 60 to 70 euros and for disabled children growing up in large and low-income families from 100 to 111 euros.

Pensions

Old-age, disability, widowhood and orphan pensions increased 9.58%, with an average of € 38. The average old-age pension with the required seniority in 2021 will reach 440 euros, and the average pension – 413 euros – 40 and 36 euros, respectively, more than last year. The maximum pension supplement paid to the smallest pension beneficiaries increases by 3 euros to 260 euros.

Downtime allowances and job search

Employers who cannot carry out the quarantine receive a maximum compensation of one and a half times the monthly minimum wage, that is, € 963.

A job search allowance of € 212 will be made available to residents who have lost their job three months prior to quarantine.

Mandatory medical insurance

For the self-employed and those who pay for the health insurance themselves, the PSD contribution increases to € 2.44 to € 44.81 per month, and for the self-employed to € 14.96.

Commercial certificates

The price of a full-month commercial license increases by € 3.05 to € 55.98 (8.72% MMA) if the person does not accumulate an additional pension.

Salaries of public officials

The salaries of civil servants are rising due to the increase in the base amount of official salaries in euros to 177 euros. The average salary of specialists will increase by 6 euros, and that of directors of institutions, by 16 euros. The average salary of civil servants “in hand” will increase by about 7 euros and will reach 1,172 euros, if they receive the same bonuses and allowances as this year.

Sodra Contribution Roofs

Starting in January, Sodra contributions will no longer be paid for annual earnings in excess of 60 Median Salaries (VMU) or 87.3 thousand LTL. EUR, for freelancers – 43 VMU, or 58.17 thousand. euros.

Amounts of various social benefits

The basic social benefit will be 40 euros, the basic social assistance pension – 143 euros, the target compensation base – 120 euros, the amount of income subsidized by the State – 128 euros and the amount of minimum consumption needs – 260 euros .

VAT

Vaccines and coronavirus tests will be subject to a zero rate of value added tax (VAT) until the end of December 2022.

A 5 percent preferential entry into force. VAT on electronic media: newspapers, magazines and other periodicals.



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