Lithuania has published Law No. XIV-1550 on amendments to the Personal Income Tax Law. The main amendments concern the monthly and annual tax-exempt amount (TEA) for employment income of resident individuals. This includes an increase in the monthly TEA to EUR 625 for individuals with monthly employment income not exceeding the minimum monthly wage (salary) as on 1 January of the current calendar year, with a maximum annual TEA of EUR 7,500. Where monthly employment income exceeds the minimum monthly wage but does not exceed EUR 1,926, the TEA is reduced according to the formula: EUR 625 - 0.42 × (monthly employment - the minimum monthly wage as on 1 January). Where monthly employment income exceeds EUR 1,926, the TEA is reduced according to the formula: EUR 400 - 0.18 x (monthly employment income - EUR 642). Similar formulas are also provided for determining annual TEA amounts, as well as TEA amounts for disabled persons. Lastly, increased monthly TEA amounts are provided for persons with disabilities, special needs, etc. The changes enter into force on 1 January 2023.