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.
• Management report
• Balance sheet
• Income statement
• Cash flow statement
• Changes in equity
• Notes to the financial statements
• Submitting the report to 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), additional fee based on accountants working hours will be added to the price. The exact content and the form of annual report depends on the size and business of the company.