A reminder has been issued by Sodra, Lithuania's State Social Insurance Fund Board, relevant to residents who are self-employed, including those running small partnerships, owners of individual enterprises, and farmers with economic sizes exceeding 4 ERV (Average Monthly Salary). By early May, these individuals need to declare their income and pay obligatory social insurance contributions. The contributions are based on 90% of taxable income for general self-employment activities or 50% of funds withdrawn for personal needs for those involved in small or agricultural partnerships.

Sodra has established clear guidelines on how contributions should be calculated based on the income generated. The law stipulates that individuals engaged in self-employment must assess their earnings and comply with mandatory contribution rates, ensuring that they contribute adequately to the social security system. These contributions are crucial for maintaining social welfare benefits and support systems for individuals engaged in independent work in Lithuania.

Each year, Sodra takes measures to ensure that self-employed individuals are aware of their obligations, sending out personalized messages to help them understand what they owe after submitting their income declarations. This proactive communication aims to prevent any discrepancies or misunderstandings regarding social insurance contributions, encouraging responsible financial practices among self-employed citizens.