Determination of a different tax period

Service name

Determination of a different tax period.

Service recipients 

Taxpayers.

Service description

Legal persons may apply to the Tax Administrator for the determination of the different corporate income tax period. Different tax period could be determined considering characteristics of the legal person's activity if laws regulating such persons' activity do not require that their financial year must be equal to calendar year. Tax period of the corporate income tax must be equal to 12 months.

VAT payers may apply to the Tax Administrator for the determination of the different VAT tax period. Different tax period could be determined considering characteristics of the legal person's activity. Tax Administrator for the person can determine such VAT tax periods:

- calendar month, if a natural person applies,

- calendar half-year, if a legal person applies, which used calendar month tax period, but its income from economic activity during last calendar year did not exceed 60 000 EUR, also new VAT payers, which presume that their income from the economic activity will not exceed the amount mentioned above during current calendar year,

- other, if applies legal person or foreign taxable person, VAT payer, which used calendar month and/or calendar half-year VAT tax period, also new VAT payers if such tax period is more convenient because of the foreign parent taxable person or accountability characteristics determined by a foreign taxable person.

Service provision length

Application regarding determination of the other corporate income tax period must be examined and decision made in 20 working days.

Application regarding changing VAT tax period must be examined in 5 working days from the next day of application receiving day, decision made — in 2 working days after application is examined.

Application form and submission term 

Persons, intending to change corporate income tax period, should submit free-form application before the beginning of the new tax period, but not later than the submission deadline of advanced corporate income tax of the new tax period.

Form PVM105, Application to determine VAT tax period.

Application (form PVM105) to determine other VAT tax period must be submitted before the beginning of the new VAT tax period.

Documents to be submitted

When applying regarding the determination of the other corporate income tax period, person must submit free-form application with following details:

- name, identification number (code) of the taxpayer;

- application submission date;

- reasons explaining why a person wish to determine the other tax period (e.g. nature of activity, cycle and so on);

- in case a subsidiary company is asking to determine the other tax period corresponding with the tax period of the parent company — name, identification code and registration place of the parent company;

- in case a permanent residence is applying — name, taxpayer identification number, registration place and tax period of the foreign person.

- dates of the beginning and the end of the new tax period, the beginning of the new tax period should coincide with the 1st day of the month.

Person wishing to have another VAT tax period, should submit filled application to determine VAT tax period (form PVM105).

Service provision methods

Electronically via the STI‘s website (Mano VMI), by personal visit, by post.

Service provider

State Tax Inspectorate under the Minister of Finance of the Republic of Lithuania.

County State Tax Inspectorates.

Service manager

Information about the service manager can be obtained by calling the Tax Information Centre:

tel. No. 1882 or 8 700 55 882 from the networks of all the main Lithuanian telecommunications operators;

tel. No.   +370 5 255 3190 from abroad.

Legal acts

Republic of Lithuania Law on Corporate Income Tax;

Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No. 28 of 31 January 2002 "Concerning determination of the tax period with respect to the activity characteristics of the taxable person";

Order of the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania No. 147 of 6 June 2002 "Concerning determination of the VAT tax period other than calendar month".

The legislation is available on the website of the Register of Legal Acts at www.e-tar.lt. In case of any amendments to the legislation, please see the acting edition of the document.