During a meeting of the Tripartite Council, the Deputy Minister of Finance, Dariusz Sadecki, addressed the President’s proposal to introduce an additional non-taxable deduction (NPD) for parents raising children, slated to begin next year. Sadecki stated that this proposed measure would incur a cost of 87 euros per child, equating to 1,044 euros annually. Sadecki cautioned that the proposed increase was unplanned, noting that a separate, additional non-taxable amount is already scheduled to take effect next year.
He pointed out that this existing adjustment is higher than the President’s proposal and would cost nearly 90 million euros. Furthermore, he calculated that adopting the proposed measure would result in an income reduction of almost 40 million euros. Separately, Andrius Romanovskis, head of the Lithuanian Business Confederation (LVK), informed Eltai that industry partners had reached an agreement regarding future adjustments.
Romanovskis reported that by the year 2027, the MMA is expected to increase by 7.19%, alongside a 4% rise in the non-taxable amount. These statements highlight ongoing discussions regarding the financial support structure for families. The figures presented—in euros and millions of euros—underscore the significant fiscal implications associated with various proposed changes to parental tax benefits, particularly concerning the introduction of any additional state expenditure.
Topics: #year #euros #additional
