Annual Report 2025: Everything You Need to Know
Every business operating in Estonia is required to prepare and submit its Annual Report. In 2025, the importance of timely compliance has grown, and with new updates in tax regulations, it’s vital to choose the right partner to handle your Annual Report effectively. At Companio, we make the process not only simpler but also more affordable and comprehensive than any other. Here’s why doing your Annual Report 2025 is the smartest move for your business.
What is the Annual Report?
The Annual Report is a mandatory document comprising two main components: the annual accounts and the management report. It must strictly adhere to the Estonian legislation’s format and guidelines. Submitting your Annual Report on time boosts your company’s reputation and ensures compliance with the Estonian Commercial Registry.
What is the Financial Year?
The financial year typically spans 12 months, often aligning with the calendar year. In special cases, such as when a company is established, dissolved, or changes the start date of its financial year, the period may be shorter or longer (up to 18 months).
Key points about the financial year:
- It always starts on the first day of a month and ends on the last day of a month.
- Businesses should choose a cycle that aligns with their operational schedule.
Requisites for the Annual Report in 2025
All companies have to submit it. It must be done i Estonian and using the official currency applicable in Estonia, and in the degree of precision used for the figures shall be indicated (e.g. in €, indicate is in thousands of €).
Why Timeliness Matters: Deadlines and Consequences
Submission Deadlines:
- Early Submission Period: January 1–March 31, priced at 250€+VAT.
- Regular Submission Period: April 1–June 30, priced at 500€+VAT.
- Late Submission: After June 30, priced at 1000€+VAT.
Consequences of Non-Compliance:
Failing to submit the report by June 30 can result in fines that start at 200€(Estonian Commercial Registry Act § 57) or even deletion from the registry (Estonian Commercial Registry Act § 61). With Companio, you can avoid these penalties effortlessly.
Preparing the Annual Report with Companio
Companio streamlines the Annual Report process in five easy steps:
1. Payment: Log into your dashboard, click the Annual Report pop-up, and make the payment.
2. Requisites: Complete your financial setup:
- Confirm bank statements.
- Upload missing transaction documents.
- Ensure your bank accounts are connected.
- Grant permissions to our accountants.
3. Preparation and Confirmation:
- For Profits: Decide on the amount to distribute as dividends and approve statements.
- For Losses: Justify losses through intangible assets, waiving loan debt, or increasing share capital.
4. Signature:
- Log into the e-Business Registry using your e-Residency card.
- Navigate to the “Submission of a Report” section.
- Locate your incomplete report, review it, and sign digitally.
5. Submission: Let Companio handle the final submission to authorities.
Tips for a Positive Company Rating
Submitting your Annual Report on time not only ensures compliance but also enhances your company’s credibility. A timely report positively influences creditworthiness and builds trust with potential partners and investors.
Stay Ahead with Companio
Don’t wait until the deadline! Start your Annual Report 2025 preparation with Companio today. With better prices, superior service, and an intuitive platform, we’re here to make compliance easier than ever. Click below to get started and ensure your success in 2025.
Ready to get started? Log into your dashboard or switch with us and take the first step toward a successful Annual Report submission!