The Department of the Registrar of Companies and Intellectual Property announced that in accordance with the Companies (Amendment) Law 2022, N.87(I)/2022, dated June 24, 2022, the maximum total charge for Annual Reports with a date of compilation within the years 2021 and 2022, will not exceed €150 for each violation. This will be valid until December 31, 2024. From 01/01/2025, the annual reports for the years 2021 & 2022 will have a maximum monetary charge of €500.
In the case where the reference date of the annual report is for the year 2023 (i.e. from 01/01/2023 onwards) and thereafter, the maximum amount of financial charge will be €500.
The amount is calculated for submission dates within 2023 and thereafter as per below example:
Date of Compilation of Annual Report: 06/04/23
Submission Deadline: 04/05/23
Submission Date: 10/05/23
Late Submission fee:
05/05/2023:50€
06/05/23:1€
07/05/23:1€
08/05/23:1€
09/05/23:1€
10/05/2023:1€
Additional fee for late submission: 55€
Let us know how we may assist you with your company’s annual returns obligations.