You are here:

Annual Report in Lithuania

200.00 

Every company registered in Lithuania has to submit annual report to the Lithuanian Center of Registers. It has to be prepared in Lithuanian and in the currency officially applicable in Lithuania (EUR).

Category: Tag:

Description

Submitting annual report is mandatory for all the companies registered in Lithuania, even if the company doesn’t have any activities during the financial year. It must be confirmed at yearly General Meeting of Shareholders within 4 months from company’s financial year. The annual report has to be submitted to the Centre of Register within 30 days from the general meeting

All the monthly accounting has to be completed before starting to compile the annual report.

Included in the price for the annual report:

  • Management report
  • Balance sheet
  • Income statement
  • Cash flow statement
  • Changes in equity
  • Notes to the financial statements
  • Submitting the report to the State Enterprise Centre of Registers
  • Corporate income tax declaration
  • Submitting the declaration to State Tax Inspectorate

If the accounting for the financial year has not been done (or is not done correctly), an additional fee based on accountants working hours will be added to the price. The exact content and the form of the annual report in Lithuania depends on the size and business of the company.

Process flow:

  • In case your company´s accounting is not done by 1Office, we need you to send us documents (bank statements, purchase- and sales invoices) so we could make the offer
  • We agree on the volume of the work needed and the final price
  • We go over the documents, compile them into an annual report and send it to you
  • You need to present the annual report to the Centre of Registers. Once you appoint us as an official accountant in the Tax Office we can do this for you. Or we can represent you based on PoA for an extra fee.
1. Who has to submit the annual report?

The annual report needs to be submitted by the director of the company, chief accountant or other authorized person. As your official accountant registered in Tax Office we will do this for you.

2. What happens if I don’t submit the annual report?

Not submitting annual report might result in a fine. Your company also might be up for deletion.

DESCRIPTION

Submitting annual report is mandatory for all the companies registered in Lithuania, even if the company doesn’t have any activities during the financial year. It must be confirmed at yearly General Meeting of Shareholders within 4 months from company’s financial year. The annual report has to be submitted to the Centre of Register within 30 days from the general meeting

All the monthly accounting has to be completed before starting to compile the annual report.

Included in the price for the annual report:

  • Management report
  • Balance sheet
  • Income statement
  • Cash flow statement
  • Changes in equity
  • Notes to the financial statements
  • Submitting the report to the State Enterprise Centre of Registers
  • Corporate income tax declaration
  • Submitting the declaration to State Tax Inspectorate

If the accounting for the financial year has not been done (or is not done correctly), an additional fee based on accountants working hours will be added to the price. The exact content and the form of the annual report in Lithuania depends on the size and business of the company.

Process flow:

  • In case your company´s accounting is not done by 1Office, we need you to send us documents (bank statements, purchase- and sales invoices) so we could make the offer
  • We agree on the volume of the work needed and the final price
  • We go over the documents, compile them into an annual report and send it to you
  • You need to present the annual report to the Centre of Registers. Once you appoint us as an official accountant in the Tax Office we can do this for you. Or we can represent you based on PoA for an extra fee.
FAQ
1. Who has to submit the annual report?

The annual report needs to be submitted by the director of the company, chief accountant or other authorized person. As your official accountant registered in Tax Office we will do this for you.

2. What happens if I don’t submit the annual report?

Not submitting annual report might result in a fine. Your company also might be up for deletion.

PROCESS FLOW

 

* We receive the need for company’s annual report and agree on the volume of the work (depends on the size of the company etc.)

* We need the balance sheet and income statement of the previous financial year

* If the accounting of your company’s previous financial year has not been done we need accounting source documents

* If your company needs to be audited or reviewed, we also need auditor’s opinion

* We go over the documents and compile it to annual report

* We submit the annual report to Commercial Register

FAQ

1) When is the audit or review of an annual report mandatory?
Info from here: https://1office.co/estonia/services/accounting/annual-report/

2) Who has to submit the annual report?
Submitting annual report is obligatory for all undertakings operating in Estonia, even if there is no activity during the financial year.

3) What happens if I do not submit the annual report?
When the annual report is not submitted, then eventually the Commercial registry may decide to delete the company.

4) More questions needed and coming, probably have to read through sales department inboxes

TESTIMONIALS

  1. 1Office made submitting annual report very easy for us. Thank you!
  2. Very quick service, I ordered the annual report in 2nd of February and it was submitted already by 5th of February and they gave me a nice discount too, because there is still time to submit the annual report for a few months.
  3. blabla, maybe some real customer reviews too 😀

SPECIAL OFFERS/PROMOTIONS

-25% until the end of February

Request a quote

To evaluate the volume of the work needed, we need some additional information. Please send us your specific needs and questions so we could send you a price offer.

We will reply to you within 1 working day

You can also send us an e-mail to sales@1office.co or contact us via chat option straight from the web.





    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    You might also need these services