When is due date of Annual Report?

Concerning the Estonian Commercial Code, the directors shall submit the Annual Report of the company within 6 months after ending the tax year. The vast majority of Estonian companies have the tax year starting from 1st January and ending with 31 December as stated in the Articles of Association.

Standard deadline:  30 June [YYYY]

§ 60. Failure to submit annual report

[RT I 2006, 7, 42 – entry into force 04.02.2006]

(1) If a private limited company, public limited company or commercial association fails to submit the requisite annual report to the registrar within six months after the expiry of the term specified by law, the registrar shall issue a warning on deletion from the register to such person and obligate the person to submit the annual report within a specified term which shall be at least six months.
[RT I 2006, 7, 42 – entry into force 04.02.2006]

(1¹) The warning specified in subsection (1) of this section shall not be digitally signed, but a digital stamp of Tartu County Court Registration Department shall be added thereto.
[RT I, 09.05.2017, 1 – entry into force 01.07.2017]

(2) If a company fails to submit an annual report within the term specified in subsection (1) of this section and has not notified the registrar of a justified good reason which hinders the company from submitting the report, the registrar may publish a notice concerning the company’s failure to submit the annual report within the prescribed term in the publicationAmetlikud Teadaandedand invite the creditors of the company to notify of their claims against the company and to request the conduct of a liquidation proceeding within six months after the date of publication of the notice, with a warning that if they fail to do so, the company may be deleted from the register without a liquidation proceeding.
[RT I 2006, 7, 42 – entry into force 04.02.2006]

(3) If, within six months after publication of the notice specified in subsection (2) of this section, the company has failed to submit the annual report to the registrar and failed to provide the registrar with justification for the reason which hinders the company from submitting the report, and the creditors of the company have not requested the liquidation of the company, the registrar may delete the company from the commercial register in adherence to the provisions of subsection 59 (4) of this Code.
[RT I 2006, 7, 42 – entry into force 04.02.2006]

(3¹) The court ruling on deletion of a company from the commercial register specified in subsection (3) of this section shall be served on the company. The company has the right to file an appeal against the ruling within thirty days after the service thereof. An entry on deletion of a company from the register shall not be made before the term prescribed for contestation of the court ruling or ruling on entry expires or, if such ruling is contested, before the court proceeding terminates. The provisions of the second sentence of § 599 of the Code of Civil Procedure do not apply to the case prescribed in this subsection.
[RT I 2008, 59, 330 – entry into force 01.01.2009]

(4) If, within six months after publication of the notice specified in subsection (2) of this section, a creditor of the company or the company submits a petition for liquidation of the company, the registrar shall make a decision on compulsory dissolution of the company.
[RT I 2006, 7, 42 – entry into force 04.02.2006]

(5) If after deletion from the company from the register, it becomes evident that the company has the means necessary for liquidation, the registrar may decide on the liquidation of the company. A company may be liquidated at the request of a creditor thereof after it has been deleted from the commercial register only if the registrar restores the term for submission of a petition for liquidation for the creditor pursuant to the procedure provided in the Code of Civil Procedure.
[RT I 2006, 7, 42 – entry into force 04.02.2006]

Source: Commercial Code, https://www.riigiteataja.ee/en/eli/522062017003/consolide

Accounting standards

The Annual Report must be prepared acceding to GAAP or IFRS principles.

When you can order this product?
1. There are no transactions in your company during previous tax year
2. There are no sales / purchases invoices
3. There are no assets / liabilities changes

The ways of submitting of Dormant Annual Report in Estonia:
– by e-Residency card in rik.ee
– by Power of Attorney (POA) in the local notary public

How to approve Annual Report if you decided to choose our service?