Electronic submission of the annual financial statements by 31.12.2020

The mandatory form of Electronic submission At Companies Register Court has prepared annual financial statements for 31.12.2019 "due to the coronavirus" as of 31.12.2020 (instead of 30.9.2020). The 4th COVID-19 Act, however, changed the deadline for publication from 9 to 12 months extended. The extension to 12 months However, for filing with the Companies Register it only applies to Balance date between October 16, 2019 and July 31, 2020 (and therefore for annual financial statements that are due on March 16, 2020 not yet set up had to be).

They are affected by this 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 Automated enforcement 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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