Lithuania: Domestic Corporate Taxation
Filing Requirements, Payment of Tax
The tax year is the calendar year, but permission may be given for an alternative 12-month period to be used. Tax is payable quarterly in advance based on previous results. A tax return is due by October 1 in the year following the tax year, and any balance of tax due must be paid then.
Consolidated tax returns are not permitted. Penalties for infringement range up to 50% of the tax due; late payments are charged at 0.04% daily of the amount unpaid.