What are the costs of maintaining an individual enterprise?

In accordance with the law of the Republic of Lithuania on social insurance, owners of individual enterprises pay a mandatory payment to the health insurance Fund (European health insurance). The minimum wage in Lithuania to 2019 equals to 555 euros, i.e. the minimum payment for health insurance for 2019 - 38,74€. Accounting services 150-200 euros per year (our company provides such a service), annual corporate income tax in the amount of 15% of the annual turnover of your individual enterprise.

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