Lithuanian employers to commit not to cut wages if income tax is lowered

  • 2020-05-28
  • BNS/TBT Staff
Lithuanian employers' organizations say they will commit not to reduce wages during the crisis if the parliament approves President Gitanas Nauseda's initiative to cut the personal income tax rate to 15 percent, from 20 percent, and increase the non-taxable income threshold by 50 euros. The Lithuanian Business Employers' Confederation and the president plan to sign a respective memorandum on Monday, Danas Arlauskas, the confederation's president, confirmed on May 22. "We will sign on Monday a memorandum on reducing the income tax ra...
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