PLN204: how does an MB in Lithuania declare corporate tax in 2027?
A small partnership files the annual corporate tax return PLN204 for 2026 by 15 June when its tax period is the calendar year. The rate is 17 %; 7 % for small entities with income up to €300,000; and 0 % in the first two tax periods for newly registered entities that meet the conditions.
Updated 21 October 2026 · Sources: VMI: corporate tax (PLN204), VMI: corporate tax from 2026, VMI: the 7 % rate, VMI: the 0 % rate
The main PLN204 fields
| Field | What goes in |
|---|---|
| 19 | Profit before tax (from the profit and loss statement) |
| 20 | Non-deductible costs: fines, late interest, donations, representation above the limit |
| 37 | Result of the activity (19 + 20) |
| 45 | Losses of earlier years used |
| 48 | Taxable profit |
| 53A–55A | Rate code, rate and corporate tax |
Rates from 2026
| When | Rate |
|---|---|
| New MB, first two tax periods (with conditions) | 0 % |
| Income up to €300,000 | 7 % |
| Otherwise | 17 % |
Good to know
- Tax losses of earlier years carry forward without a time limit, but can cut at most 70 % of the profit – except for entities taxed at 7 %.
- Fines, late interest and donations are generally not deductible; representation costs are deductible up to 50 % and at most 2 % of the year’s income.
- This is an estimate, not tax advice.
Rūta prepares the PLN204 EDS file
She works out the profit, non-deductible costs, losses and the rate.
FAQ
When is PLN204 for 2026 due?
By 15 June – the 15th day of the sixth month of the next tax period.
Does an MB with a loss file PLN204?
Yes. The loss is declared and carried forward.
When does the 0 % rate apply?
To newly registered entities in their first two tax periods, when the income of each is at most €300,000, the members are natural persons only and the activity is not suspended.