The Social Security Rate in Lithuania stands at 21.27 percent.

Social Security Rate in Lithuania averaged 36.03 percent from 2004 until 2020, reaching an all time high of 41.98 percent in 2016 and a record low of 21.27 percent in 2019. This page provides - Lithuania Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Social Security Rate - values, historical data and charts - was last updated on October of 2020.

Social Security Rate in Lithuania is expected to reach 41.98 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Social Security Rate is projected to trend around 41.98 percent in 2021 and 21.27 percent in 2022, according to our econometric models.

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Lithuania Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
21.27 21.27 41.98 21.27 2004 - 2020 percent Yearly

Lithuania Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 15.00 15.00 20.00 15.00 percent [+]
Personal Income Tax Rate 20.00 20.00 33.00 15.00 percent [+]
Sales Tax Rate 21.00 21.00 21.00 18.00 percent [+]
Social Security Rate 21.27 21.27 41.98 21.27 percent [+]
Social Security Rate For Companies 1.77 1.77 31.18 1.77 percent [+]
Social Security Rate For Employees 19.50 19.50 19.50 3.00 percent [+]


Lithuania Social Security Rate
In Lithuania, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Lithuania because they help to pay for many social programs including welfare, health care and many other benefits.