Electronic submission of the annual financial statements as of 30.9.2018

The mandatory form of Electronic submission At Companies Register Court hat für Jahresabschlüsse zum 31.12.2017 per 30.9.2018 zu erfolgen. Davon betroffen sind Companies with capital and Hidden capital companies (in particular GmbH & Co KG), where the revenues were generated in the last twelve months before the balance sheet date Exceeded 70,000 € have. In the appropriate case Sales under 70.000 € is also an application in Paper form Possible. No disclosure obligation There is a tax exemption for sole traders and "normal" Partnerships. The submission of the annual financial statements must be made not only by tax advisors and auditors, but also by, among others, balance-sheet accountants, self-employed accountants, lawyers, notaries, and authorised organ-managing directors of the company. With the electronic submission, Fees connected. In the case of improper connection, and therefore late submission threatens Mandatory penalties.

The Penalties in case of late submission relate to die Company and the Managing Director/Board of Directors On its own. Starting at €700 for each managing director/director, small capital companies incur this cost. every two months again a fine of 700 €, if the annual financial statements are still not submitted. medium size Capital companies must pay €2,100 and bodies of big Capital companies even 4,200 €.

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