Lithuania
Lithuania: 6 company types, its taxes, banking and business environment.
Forming a company
Company types in Lithuania
The 6 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names Lithuania. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Lithuania.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Lithuania: where to register, file and check.
Blocs and agreements
The trade arrangements Lithuania belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- European Union: internal market and customs union
- Single market · since 2004
Covers goods, services, establishment, capital, movement of people, a common external tariff.
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EU Member State since 2004, Euro area member since 2015, Schengen area member since 2007 and more about Lithuania’s participation in the EU.
- European Union: VAT territory
- Inside it
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‘Community’ and ‘territory of the Community’ mean the territories of the Member States as defined in point (2);
- Euro area
- Monetary union · since 2015
Covers a common currency.
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EU Member State since 2004, Euro area member since 2015, Schengen area member since 2007 and more about Lithuania’s participation in the EU.
- Schengen area
- Free movement area · since 2007
Covers movement of people.
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EU Member State since 2004, Euro area member since 2015, Schengen area member since 2007 and more about Lithuania’s participation in the EU.
- European Economic Area
- Single market
Covers goods, movement of people, services, establishment, capital.
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which now covers the EU and its 27 Member States, and three of the four EFTA members: Norway, Iceland and Liechtenstein.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 17%
- Distributions
- Not in our records
- Audit
- Not in our records
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Not in our records
VAT
The tax on what the company sells in Lithuania, and when it must register, as the tax authority states it.
- Standard rate
- 21%Official European Commission, Taxes in Europe Database situation on 2026/07/01
- Other rates
- 12% Accommodation services supplied under tourism legislation, regular passenger and luggage transport, and admission to arts and culture institutions and events
- 5% Technical aids for disabled persons and their repair
- 5% Medicines and medical aids, including uncompensated prescription medicines
- 5% Printed and electronic newspapers, magazines and other periodicals, and printed and electronic books and non-periodical information publications
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Lengvatinis 12 procentų PVM tarifas taikomas: ... apgyvendinimo paslaugoms; keleivių vežimo reguliaraus susisiekimo maršrutais paslaugoms ... visų rūšių meno ir kultūros įstaigų, meno ir kultūros renginių lankymui
- Registration threshold
- EUR 45,000
consideration received for taxable economic activity carried out in Lithuania (taxable supplies of goods and services); current or previous calendar year
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Jei einamaisiais arba praėjusiais kalendoriniais metais bendra iš Lietuvos Respublikos teritorijoje vykdomos PVM apmokestinamos ekonominės veiklos ... gauto (gautino) atlygio suma viršija 45 000 eurų.
- Voluntary registration
- Yes
A Lithuanian taxable person carrying on or intending to carry on economic activity may register voluntarily even below the €45,000 threshold.
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Taip pat yra numatyta savanoriško registravimosi PVM mokėtojais galimybė tais atvejais, kai neviršijamos nustatytos privalomojo registravimosi ribos.
- A foreign company
- Registers from its first taxable supply; needs a local tax representative
A foreign taxable person must register in Lithuania when it supplies goods or services whose place of supply is Lithuania, regardless of the €45,000 threshold. A person established in a third country must register through a Lithuanian branch or, without one, an appointed Lithuanian fiscal agent, unless its state has a mutual assistance arrangement equivalent to Directive 2010/24/EU; a person established in another EU state registers itself or through an authorised person.
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Užsienio valstybių asmenys ... privalo Lietuvoje registruotis PVM mokėtojais, kai: tiekia prekes ir / ar teikia paslaugas, kurių tiekimo / teikimo vieta laikoma Lietuva (neatsižvelgiant į 45 000 Eur atlygio ribą)
- Returns filed
- Monthly
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Tai kalendorinis mėnuo, o fizinio asmens PVM mokėtojo – kalendorinis pusmetis.
- Tax authority
- Registration page read 2026-10-22
Tax calendar
When the main returns and payments fall due in Lithuania, tax year 2026, as the tax authority states it.
- Corporate tax return
- 5 months and 15 days after the end of the accounting period · each year
VMI: the annual return is due by the 15th day of the sixth month of the next tax period, i.e. 15 June where the tax period is the calendar year. Expressed as 5 months 15 days after the period end (31 Dec + 5 months = 31 May, + 15 days = 15 June; a March year end gives 15 September). Gloss: 'no later than the 15th of the sixth month of the next tax period (15 June for calendar years)'. No weekend shift stated on this page.
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metinė pelno mokesčio deklaracija turi būti pateikiama ne vėliau kaip iki kito mokestinio laikotarpio šešto mėnesio 15 dienos (iki birželio 15 d., jeigu mokestinis laikotarpis sutampa su kalendoriniais metais).
- Corporate tax, final payment
- 5 months and 15 days after the end of the accounting period · each year
VMI: the tax under the annual return must be paid by the same 15th day of the sixth month of the next tax period (15 June for calendar years). Gloss: 'tax must be paid no later than the 15th of the sixth month of the next tax period'. No weekend shift stated for this payment.
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Nuo 2017 m. pelno mokestis ir / arba fiksuotas pelno mokestis turi būti sumokėtas ne vėliau kaip iki kito mokestinio laikotarpio šešto mėnesio 15 dienos (iki birželio 15 d., jeigu mokestinis laikotarpis sutampa su kalendoriniais metais).
- Corporate tax, instalments
- Day 15 of the following month · each quarter
VMI: advance profit tax is paid by the 15th of the last month of each quarter of the tax period (15 March, 15 June, 15 September, 15 December for calendar years); the rule is the 15th of the quarter's last month (months_after 0). Gloss: 'advance tax must be paid no later than the 15th day of the last month of each quarter'. The page states that a payment day that is a non-working day moves to the next working day.
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Avansinis pelno mokestis turi būti sumokėtas ne vėliau kaip kiekvieno mokestinio laikotarpio ketvirčio paskutinio mėnesio 15 dieną
- Personal income-tax return
- 1 May · each year
VMI: the return is due by 1 May of the year after the tax year (for 2025: by 4 May 2026; investment-account holders by 1 June). Gloss: 'the return must be filed after year end, by 1 May of the next year'. The page gives the 2026 date as 4 May but does not state a shift rule, so none is recorded.
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Deklaracija turi būti pateikta pasibaigus metams, iki kitų metų gegužės 1 d. (už 2025 metus iki 2026 metų gegužės 4 d.
- Personal income tax, final payment
- 1 May · each year
VMI: the difference is paid by 1 May (2025 year: by 4 May 2026; investment-account holders by 1 June). Gloss: 'the resident must pay this difference to the budget by 1 May'. No shift rule stated.
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gyventojas šį skirtumą į biudžetą turi sumokėti iki gegužės 1 dienos
- Personal income tax, instalments
- Not in our records
vmi.lt/evmi/pajam%C5%B3-mokes%C4%8Dio-sumok%C4%97jimas-ir-deklaravimas-metin%C4%97-deklaracija-gpm311- inaccessible when checked
- VAT return
- Day 25 of the following month · each month
VMI: the return for a calendar month is due by the 25th of the following month. Quarterly and half-year periods use the 25th of the first month after the period; other periods within 25 days of period end. Gloss: 'calendar month - by the 25th day of the next month'. The standard case is recorded; no shift stated.
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PVM deklaracija turi būti pateikta: kalendorinio mėnesio - iki kito mėnesio 25 dienos; kalendorinio ketvirčio - iki kito ketvirčio pirmo mėnesio 25 dienos
- Payroll withholding
- Day 15 of the following month · each month
VMI: the monthly GPM313 return is due by the 15th of the next month. The payment date of withheld tax depends on when pay is paid (by the 15th of the same month if paid by the 15th, otherwise by the end of that month, per the page's table), so the return date is the rule recorded. Gloss: 'the GPM313 return must be filed by the 15th of the following month'.
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Kiekvieno mėnesio deklaracija GPM313 VMI turi būti pateikiama iki kito mėnesio 15 d.
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Lithuania yet.
Economy and trade
What it exports
Goods Lithuania exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Lithuania’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils HS 2710 | 11.6% | 11.9% | 10.1% | US$4 bn |
| Other furniture and parts thereof HS 9403 | 4.9% | 4.9% | 5.2% | US$2.1 bn |
| Wheat and meslin HS 1001 | 3.4% | 3.5% | 3.0% | US$1.2 bn |
| Medicaments (excluding goods of heading 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale HS 3004 | 1.3% | 1.7% | 2.2% | US$864 m |
| Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes HS 2402 | 1.8% | 1.8% | 2.0% | US$813 m |
| Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars HS 8703 | 2.3% | 2.8% | 1.8% | US$735 m |
| Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents whether or not on a backing, whether or not put up in the form of kits, other than those of heading 3006; certified reference materials HS 3822 | 1.6% | 1.5% | 1.8% | US$728 m |
| Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins, polyallyl esters and other polyesters, in primary forms HS 3907 | 1.9% | 1.4% | 1.7% | US$678 m |
| Seats (other than those of heading 9402), whether or not convertible into beds, and parts thereof HS 9401 | 1.3% | 1.4% | 1.5% | US$602 m |
| Telephone sets, including smartphones and other telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528 HS 8517 | 0.99% | 1.2% | 1.5% | US$601 m |
Total goods exports, 2024: US$39.8 bn. The ten largest headings are shown.