Lithuania Compliance Guide
Filing requirements, deadlines, and fees for Lithuania business entities.
Filing Obligations
Annual Financial Statements Filing
AnnualLithuanian companies must prepare annual financial statements, have them approved at the annual general meeting, and file them with the Centre of Registers. Small companies may use simplified financial statements.
Within 30 days of approval by the AGM (AGM must be held within 4 months of FYE, i.e., by 30 April for December FYE). Filing deadline effectively by 31 May.
No filing fee
Administrative fines of €300–€5,800 for directors. Company may be subject to compulsory liquidation for repeated non-filing.
Electronic filing via the Centre of Registers (Registrų centras) JAR portal
Corporate Income Tax Return (Pelno mokestis)
AnnualLithuania's standard corporate income tax rate is 15%. A reduced rate of 5% applies to small companies (up to 10 employees and €300,000 revenue) for their first year of operation, and 0% for the first tax period if certain conditions are met.
By 15 June following the tax year (for calendar year filers)
No filing fee
10%–20% penalty on unpaid tax. Interest of 0.03% per day on late payments.
Electronic filing via the State Tax Inspectorate (VMI) i.MAS system
VAT Return (PVM deklaracija)
Monthly or QuarterlyLithuania levies VAT at the standard rate of 21% (reduced rates of 9% and 5% apply to certain goods and services). Registration is mandatory when taxable turnover exceeds €45,000 in the past 12 months.
25th day of the month following the tax period (monthly or quarterly)
No filing fee
10%–50% of the underdeclared VAT. Interest of 0.03% per day on late payments.
Electronic filing via VMI i.MAS
Key Dates
Frequently Asked Questions
What is Lithuania's corporate tax rate?
The standard corporate income tax rate is 15%. Small companies (up to 10 employees and €300,000 revenue) benefit from a reduced 5% rate in their first year.
Is Lithuania good for fintech companies?
Yes. Lithuania has become a leading EU fintech hub, hosting more electronic money institution (EMI) and payment institution (PI) licences than any other EU country. The Bank of Lithuania offers a streamlined licensing process, and Lithuanian-licensed firms can passport across the EU/EEA.
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Get Started FreeLast updated: 2026-02-27. Information is provided for general guidance and may not reflect the most recent changes. Always verify with the official state registrar.