COMPANY RETURNS & ANNUAL ACCOUNTS

  • All companies must prepare an annual return in the prescribed format to be made up, upon each anniversary date of its registration.
  • Companies are also required to file a copy of the annual accounts.
  • Companies returns, and annual accounts can also be filed online.

The format of the accounts to be submitted depends on the size of the company. Small companies may draw up abridged balance sheets and abridged layouts of profit and loss accounts. A small company, according to the companies act, is a company which on its balance sheet dates does not exceed the limits of two of the three following criteria:

  • Balance sheet total: EUR 4,000,000;
  • Turnover: EUR 8,000,000
  • Average number of employees during the accounting period: 50.

Private companies which on their balance sheet date do not exceed the limits of two of the three following criteria:

  • Balance sheet total: EUR 46,600
  • Turnover: EUR 93,000
  • Average number of employees during the accounting period: 2;

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