SoDra EN

The Lithuanian government of Prime Minister Saulius Skvernelis has stepped back on its intentions of consolidating income-related taxes on the employee side, including the social insurance fees currently paid by the employee. The Cabinet has decided to shift its focus on reduction of the tax burden ...

Amid a rapid decline in Lithuania's worker-to-retiree pension, the central Bank of Lithuania is sounding the alarm and calling for the pension system to be reformed and for future pensions to be linked to personal contributions.

The Lithuanian government led by Prime Minister Saulius Skvernelis intends to make the first decisions in connection to restructuring of the pension system in the nearest future, while implementation of all reforms may take until the end of 2019, according to the measures of the government plan publ...

Lithuanian residents who are expected to have the lowest old-age pensions will be advised to make additional contributions to their pension fund or return to the state-run social insurer Sodra, says Finance Minister Vilius Šapoka.

After waiting for documents from emigrants about compulsory health insurance fees paid in foreign countries, the Lithuanian state-run social insurer, Sodra, has so far failed to check all documents and will postpone the recovery until the end of March, says Sodra chief Mindaugas Sinkevičius.

The majority halted the new Labour Code in the hopes of an extra half a year allowing employer and employee representatives to reach compromise on the most disputed questions. It would appear that such expectations were overly optimistic.

After causing an uproar by warning thousands of people to pay overdue compulsory health insurance contributions or face sanctions, the Lithuanian state-run social insurance fund Sodra said on Friday that it will wait for a month before taking action to recover the arrears.

The average old-pension should go up by about 20 euros starting early 2017, which is 5 euros more than the increase planned earlier. The raise is envisaged in the revised 2017 budget draft of the Sodra state-run social insurer. The draft does not say anything about the plans of the Peasant and Green...

According to the data of early surveys, Ramūnas Karbauskis’ Peasant and Greens Union’s popularity could have jumped up to 28% after the elections. Such a jump in ratings means significant expectations from the public toward the party. The party leaders promised faster increases in income, fighting e...

In-depth discussion of the Lithuanian Labour Code, which some parties want enforced next summer, is scheduled for the parliament's spring session, First Vice-Speaker Rima Baškienė says.

Saulius Skvernelis, candidate for Lithuania's new prime minister, says that no major tax reforms are planned for the nearest future, however, does not rule out revision of taxes linked with employment income, including the residents' income tax and social insurance fees.