Financial Reporting Lithuania
Financial Reporting in Lithuania – Clarity, Compliance & Confidence for Your Business
Whether you’re running a local Lithuanian company or expanding as a foreign investor, accurate and compliant financial reporting is essential to maintaining your business’s credibility, financial health, and legal standing. In Lithuania, financial reporting goes beyond balance sheets—it’s a strategic tool for ensuring transparency, making informed decisions, and meeting all tax and regulatory requirements.
At UAB “AM Law”, we offer complete financial reporting services in Lithuania tailored to your company’s size, industry, and stage of growth. From preparing monthly financial statements to submitting annual reports and audit support, we make financial reporting a streamlined, reliable, and insightful process.
Why Financial Reporting Is Essential for Businesses in Lithuania
Financial reporting is not just a requirement—it’s a business necessity. Here’s why it matters:
- Ensures compliance with Lithuanian accounting laws and EU directives
- Supports business planning and investment decisions
- Improves financial transparency for stakeholders and investors
- Prepares your company for audits, mergers, or financing
- Avoids penalties and reputational risks from non-compliance
- Helps identify cost inefficiencies and growth opportunities
With the help of professionals, you can transform reporting from a burden into a powerful tool for strategic control.
Who Needs Financial Reporting Services?
Our financial reporting services are tailored for:
- Small and medium enterprises (SMEs) operating locally
- Foreign-owned subsidiaries in Lithuania
- Startups seeking investor funding or audit-readiness
- Non-profits and NGOs subject to government regulations
- Companies preparing for mergers, acquisitions, or expansion
Regardless of your business model or structure, we offer customized support that fits your industry and goals.
What Our Financial Reporting Services Include
We offer comprehensive financial reporting solutions that align with Lithuanian law, EU accounting standards, and international best practices.
1. Monthly and Quarterly Financial Statements
We prepare key financial documents that help you stay on top of your business’s financial performance, including:
- Profit and Loss Statements (P&L)
- Balance Sheets
- Cash Flow Statements
- Accounts Receivable and Payable Reports
- Expense Breakdown and Budget Variance Reports
These reports are prepared on time, in the proper format, and tailored to your internal reporting needs or investor requirements.
2. Annual Financial Statements
Every company in Lithuania must submit annual financial statements to the Register of Legal Entities (JAR). We handle the entire process, including:
- Compilation and review of annual reports
- Preparation of the Management Report (if applicable)
- Submissions in accordance with Lithuanian GAAP or IFRS
- Communication with auditors (if applicable)
- Coordination with the State Tax Inspectorate (VMI)
We ensure full compliance and professional presentation of all required documents.
3. Tax Reporting and Reconciliation
We help you match financial reports with your tax obligations:
- GPM (Corporate Income Tax) reporting
- VAT reconciliation and quarterly filings
- Sodra (social contributions) cross-checks
- Withholding tax documentation (if applicable)
Accurate reconciliation ensures no discrepancies arise with authorities during reviews or audits.
4. Audit Support and Preparation
If your company is subject to a statutory or voluntary audit, we support:
- Audit trail preparation and documentation collection
- Coordination with auditors and answering queries
- Ensuring reports meet IFRS or local requirements
- Risk analysis and reporting improvements post-audit
Our audit preparation reduces delays and helps you pass inspections with confidence.
5. Customized Financial Analysis
We provide tailored financial analysis that goes beyond compliance:
- Cost analysis and profitability review
- Forecasting and budgeting support
- Business performance dashboards
- Investor reports and board presentation support
Our analysis helps business leaders make informed, data-driven decisions.
Understanding Lithuanian Financial Reporting Requirements
In Lithuania, financial reporting requirements vary based on company size, structure, and activity. Here’s what businesses must keep in mind:
- All companies must keep accounting records and prepare financial statements annually
- Micro, small, medium, and large companies follow different reporting rules and formats
- IFRS is required for certain companies, such as those publicly listed or part of a group
- Annual reports must be submitted to the Center of Registers within 6 months of the financial year-end
- Audit requirements apply if revenue, assets, or staff exceed specific thresholds
We help you identify which rules apply to your business and ensure you remain compliant at all times.
Why Choose AM Law for Financial Reporting in Lithuania?
Legal + Financial Expertise in One Place
As a trusted provider of both legal and financial services, AM Law ensures that your financial reports are accurate and legally compliant. We understand the full scope of tax, audit, and legal obligations.
Reliable and Timely Reporting
We deliver financial statements on schedule—every month, quarter, or year. No delays. No errors. Just clarity.
Customized to Your Needs
We tailor our reporting systems to your internal goals—whether you need management-level dashboards, investor-ready statements, or compliance-focused documentation.
Multilingual Support
We provide reports and client communication in English, Lithuanian, and Russian, supporting international business owners with ease.
Confidential and Compliant
Your financial data is handled with the highest standards of confidentiality and in full compliance with GDPR and Lithuanian accounting regulations.
Common Scenarios Where We Add Value
Scenario 1: Foreign Company Expanding into Lithuania
We help set up your accounting systems, prepare financial statements under Lithuanian law, and support your team with local compliance.
Scenario 2: Lithuanian Startup Preparing for Investment
We provide accurate financial records, cash flow forecasting, and investor-ready reports to attract funding and prepare for audits.
Scenario 3: SME Needs Annual Reporting and VAT Support
We ensure timely VAT filings, reconciliations, and annual report submissions while offering monthly insights into financial health.
Scenario 4: Company Preparing for a Merger or Sale
We support financial due diligence, historic data validation, and professional financial statement preparation to increase business valuation.
Serving Every Sector in Lithuania
Our clients operate in:
- Information Technology & SaaS
- Retail and E-commerce
- Real Estate and Construction
- Hospitality and Tourism
- Healthcare and Pharmaceuticals
- Manufacturing and Distribution
- Professional Services and Consulting
Each industry has unique reporting needs—and we adapt our process accordingly.
Partner with AM Law for Accurate and Compliant Financial Reporting
Accurate financial reporting is more than a statutory duty—it’s a business asset. With UAB “AM Law”, you gain a reliable, knowledgeable partner that helps you stay compliant, transparent, and ready for growth 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.