Tax Reporting Services Lithuania
Tax Reporting Services in Lithuania – Ensuring Compliance, Minimizing Risk
Tax reporting is one of the most critical aspects of running a business in Lithuania. Accurate and timely tax filings are not only legal requirements—they are essential for avoiding penalties, optimizing your financial position, and maintaining your business reputation.
At UAB “AM Law”, we provide comprehensive tax reporting services in Lithuania for businesses of all sizes and structures. Whether you’re a local startup or a foreign enterprise expanding into the Baltic region, our tax specialists ensure your company complies with all Lithuanian tax laws while optimizing your tax planning strategies.
Why Tax Reporting Matters
Proper tax reporting serves multiple essential functions:
- Legal Compliance: Avoid fines, audits, and reputational damage by filing correctly and on time.
- Financial Accuracy: Ensure that taxes reflect the true financial state of your business.
- Audit Readiness: Be fully prepared for any inspection or review from the Lithuanian tax authorities (VMI).
- Cash Flow Management: Strategic reporting helps manage your liabilities and avoid overpayments.
- Investor Confidence: Transparent, accurate tax reporting builds trust with stakeholders and partners.
Failing to meet tax reporting obligations can result in serious consequences. Our goal is to help you manage your responsibilities confidently and with zero risk.
Who Can Benefit from Our Tax Reporting Services?
Our tax reporting solutions are ideal for:
- Small and medium enterprises (SMEs)
- Large corporations and holding companies
- Startups preparing for investment or audits
- Foreign companies with operations in Lithuania
- Freelancers and consultants with VAT obligations
- Real estate investors and landlords
Whether you manage a limited liability company (UAB), a partnership, or a branch of a foreign entity, AM Law provides accurate and compliant tax reporting aligned with Lithuanian law.
Our Tax Reporting Services Include:
We provide end-to-end support for all types of tax filings and declarations required under Lithuanian law. Here is what we cover:
1. Corporate Income Tax (Pelno Mokestis) Reporting
- Preparation and submission of annual corporate income tax returns (GPM312)
- Calculation of taxable profit, allowable deductions, and depreciation
- Management of prepayments and quarterly GPM estimates
- Carry-forward of losses and other tax optimization tools
We ensure you are not overpaying and that you fully utilize all legal deductions.
2. VAT Reporting and Filings
- Monthly and quarterly VAT return preparation and submission
- VAT registration and de-registration assistance
- Invoicing guidance and compliance with Lithuanian VAT rules
- EC Sales Lists and reverse charge reporting
- Preparation of i.SAF and i.VAZ reports (electronic invoice and transport logs)
We handle all VAT compliance, including for cross-border transactions within the EU.
3. Payroll Tax and Social Security Reporting
- Monthly payroll tax filing to Sodra and VMI
- Preparation of GPM313 and other income declarations
- Calculation of employer and employee contributions
- Annual employee income summaries and final reconciliations
Our payroll tax services ensure all wage-related taxes are handled efficiently and legally.
4. Withholding Tax and Non-Resident Tax Reporting
- Determination of applicable withholding tax rates
- Filing of returns for payments to foreign individuals or entities
- Application of double tax treaties (DTTs)
- Advice on tax residency status and exemptions
We assist with cross-border taxation and international reporting requirements.
5. Tax Audit Support and Risk Assessment
- Assistance during audits from VMI (State Tax Inspectorate)
- Preparation of requested documentation
- Risk analysis and adjustment of reporting strategies
- Representation during disputes or tax clarifications
We protect your interests and ensure a smooth audit process from start to finish.
6. Annual Reports and Reconciliations
- Alignment of tax filings with annual financial statements
- Comparison of VAT, GPM, and Sodra data with accounting records
- Identification and correction of discrepancies
- Coordination with auditors (if applicable)
This integrated approach ensures consistency across all regulatory and financial filings.
Lithuanian Tax Reporting Calendar – Key Deadlines
In Lithuania, tax reporting is tied to strict deadlines. Here are some of the most important ones:
- GPM312 (Annual Corporate Tax Return): Due by June 15 of the following year
- VAT Returns: Due on the 25th of the month following the reporting period
- Payroll Taxes and Social Contributions: Due monthly by the 15th
- GPM313 (Personal Income Declarations for Employees): Due annually by February 15
- i.SAF/i.VAZ Reports: Due monthly by the 20th
Missing these deadlines can lead to penalties, interest, and potential audits. With AM Law, you’ll never miss an important date.
Why Choose AM Law for Tax Reporting in Lithuania?
Certified Tax Professionals
Our team includes licensed accountants, financial advisors, and tax lawyers—ensuring you get advice that’s both accurate and legally sound.
Timely and Accurate Filing
We ensure all filings are made on time and reflect the true financial position of your company, reducing the risk of errors or audits.
Multilingual Communication
We work in Lithuanian, English, and Russian, providing support to international clients with local operations.
Strategic Tax Planning
Beyond compliance, we help you minimize tax liability through careful planning and legal optimization strategies.
Scalable Support
From freelancers to large companies, our services grow with your business and adapt to your changing needs.
Who We Serve
We support businesses across a wide range of sectors:
- Technology and SaaS Companies
- Retail, E-Commerce, and Wholesale
- Real Estate and Construction
- Hospitality and Tourism
- Logistics and Transportation
- Healthcare and Pharmaceuticals
- Professional Services Firms
No matter your industry, we tailor our tax reporting process to match your operations and compliance requirements.
Frequently Asked Questions
Q: Is it mandatory to file taxes monthly in Lithuania?
Yes, some taxes (such as VAT and payroll taxes) require monthly filings depending on company type and turnover.
Q: Do I need to file taxes if my company had no activity?
Yes. Even inactive companies must submit zero tax returns to remain compliant with the law.
Q: Can you handle tax reporting for foreign-owned companies?
Absolutely. We specialize in helping international clients navigate Lithuanian tax systems.
Q: How much do tax reporting services cost?
Pricing depends on your company size, transaction volume, and services needed. We offer transparent, fixed monthly packages.
Q: Can you help me during a tax audit?
Yes. We provide full audit support, documentation preparation, and representation before tax authorities.
Stay Compliant and Confident with AM Law
Tax reporting doesn’t have to be complex or stressful. With AM Law, you get a reliable partner who understands the laws, deadlines, and strategies necessary to keep your business compliant and successful in Lithuania.
Citizenship of Lithuania
Citizenship
- Acquisition of citizenship of the Republic of Lithuania by virtue of birth.
- Restoration of citizenship of the Republic of Lithuania.
- Oath of Allegiance to the Republic of Lithuania.
- Naturalisation.
- By way of exception.
- Simplified procedure.
Right to reinstate citizenship of the Republic of Lithuania to persons who had citizenship of the Republic of Lithuania and until 15 June 1940 and their descendants who have not acquired citizenship of the Republic of Lithuania before 2011-04-01.
We could help you to get citizenship in Lithaunia.
For jobseekers:
We are searching employees from Europe who would want to work in Lithaunian companies.
For employers:
We are dealing with recruitment companies all over the world and can suggest a variety of employees.