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Lithuania: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 18 March 2020

The Lithuanian Government announced that the tax authorities will apply certain tax related measures to assist taxpayers with their ongoing obligations. The main measures include:

Corporate Income Tax (CIT):

  • The deadline for submission of advance CIT returns and respective tax payment is deferred until 30 March 2020 (instead of 16 March 2020).
  • For individuals, the deadline for submitting the annual PIT return and tax payment deferred until July 1, 2020 (instead of May 4, 2020).
  • Possibility to change the advance CIT calculation method, e.g. based on the prognosis for the current year (considering the possible income decline) instead of previous years’ results.

Tax Administration:

  • Possibility to apply for tax instalment (loan) agreement to defer tax underpayments (without interest). It should also be available for employer’s Personal Income Tax (PIT) obligations (the exact terms and conditions should be confirmed).
  • Suspended recovery of tax  underpayments
  • Taxpayers to be relieved from penalties and late payment interest (the procedures still to be confirmed)
  • The electronic version of the new tax return form GPM311 will not be released at least until April.

Additional Information