Lithuania

Currency
Euro (EUR)
Payroll Frequency
Monthly
Employer Taxes
1.77% - 2.49%

About 

Lithuania

Lithuania is the largest of the three Baltic states. The country established itself as a dominant empire in Eastern Europe from the 14th until the 16th century.

Overview

Population
2,784,000
Language
Lithuanian
Capital
Vilnius
Currency
Euro (EUR)
Country code
+370
Min wage
642 EUR per month
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours

Payroll

Cycle

Monthly

Avg employer tax

1.77% - 2.49%

Taxation

Tax breakdown - Employer
  • Social Security Contributions: 1.61%-3.75%
VAT

The Standard rate of VAT in Lithuania is 21.00%.


Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 16 Feb: Independence Restoration Day
  • 11 Mar: Independence Day/National Day
  • 4 April: Easter Sunday
  • 5 April: Easter Monday
  • 1 May: Labour Day
  • 24 June: St John's Day/Day of Dew
  • 6 Jul: King Mindaugas’ Coronation Day
  • 15 Aug: Feast of the Assumption of Mary
  • 1 Nov: All Saints' Day
  • 2 Nov: All Souls' Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: Second Day of Christmas
Sick days

The first two days of sick leave are paid.



Maternity leave

Maternity pay is given for 70 days before childbirth and up to 56 days following birth.

Paternity leave

30 days of paternity benefit is granted following childbirth.

Termination

Termination Process

The termination of an employment contract is not possible without the employee being at fault.


Notice Period

A standard notice period of one month is given. However, for an employment period lasting less than one year, a two-week notice period is acceptable.

Severance Pay

This amount is dependent on the length of employement:

  • 77.58% of the employee’s average pay if the length of work with the employer is from 5 to 10 years.
  • 77.58% of the employee’s average pay for two months if the length of service with the employer is from 10 to 20 years.
  • 77.58% of the employee’s average salary for three months if the length of service with the employer is 20 years or more.

Probation Period

Probation period is up to 3 months.

Tax Calculation

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LT
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Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Lithuania

Currency
Euro (EUR)
Payroll Frequency
Monthly
Employer Taxes
1.77% - 2.49%

About 

Lithuania

Lithuania is the largest of the three Baltic states. The country established itself as a dominant empire in Eastern Europe from the 14th until the 16th century.

Overview

Population
2,784,000
Language
Lithuanian
Capital
Vilnius
Currency
Euro (EUR)
Country code
+370
Min wage
642 EUR per month
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours

Payroll

Cycle

Monthly

Avg employer tax

1.77% - 2.49%

Taxation

Tax breakdown - Employer
  • Social Security Contributions: 1.61%-3.75%
VAT

The Standard rate of VAT in Lithuania is 21.00%.


Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 16 Feb: Independence Restoration Day
  • 11 Mar: Independence Day/National Day
  • 4 April: Easter Sunday
  • 5 April: Easter Monday
  • 1 May: Labour Day
  • 24 June: St John's Day/Day of Dew
  • 6 Jul: King Mindaugas’ Coronation Day
  • 15 Aug: Feast of the Assumption of Mary
  • 1 Nov: All Saints' Day
  • 2 Nov: All Souls' Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: Second Day of Christmas
Sick days

The first two days of sick leave are paid.



Maternity leave

Maternity pay is given for 70 days before childbirth and up to 56 days following birth.

Paternity leave

30 days of paternity benefit is granted following childbirth.

Termination

Termination Process

The termination of an employment contract is not possible without the employee being at fault.


Notice Period

A standard notice period of one month is given. However, for an employment period lasting less than one year, a two-week notice period is acceptable.

Severance Pay

This amount is dependent on the length of employement:

  • 77.58% of the employee’s average pay if the length of work with the employer is from 5 to 10 years.
  • 77.58% of the employee’s average pay for two months if the length of service with the employer is from 10 to 20 years.
  • 77.58% of the employee’s average salary for three months if the length of service with the employer is 20 years or more.

Probation Period

Probation period is up to 3 months.

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
LT
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation