Eurofast would like to inform you that from April 1st, 2021, the Registrar of companies shall impose penalties for every company that fails to timely file its annual return.

Upon the first day of non-compliance the late filing fee shall amount to fifty euro (€50) plus a further charge of one euro (€1) for every day for the first 6 months, raising up to two euro (€2) for every day thereon, up to the maximum amount of five hundred euro (€500).

The said announcement, refers to the annual return (HE32) for the financial year 2021, that will accompany with the financial statements of the year 2020.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.