The Lithuanian parliament adopted the amendments to the Law on State Social Insurance on 11 December 2014. If the President approves the amendments, they will enter into force on 1 January 2015.
According to the amendments, the taxable base for social security contributions of the owners of unlimited civil liability entities, members of partnerships and members of small partnerships will be their remuneration as declared to the tax authorities, but not lower than the minimum statutory monthly salary (EUR 300). Therefore, even where such persons will not receive any remuneration, the unlimited civil liability entities, partnerships and small partnerships will be required to remit social security contributions at the rate of 26.3% on the amount equal to the minimum statutory monthly salary.
