The annual report in Estonia is not just a formality, but a legally binding document for all Estonian companies, including those owned by e-residents and non-residents. Timely submission of the annual report is a key requirement of Estonian law and directly affects your company's tax residency and reputation. The submission deadline is strictly set: no later than six months after the end of the financial year (for most companies, this is June 30th).

Fedelta Accounting understands the critical importance of accuracy and timeliness in this process. Our team of experts (including specialists with experience in the Tax and Customs Board) ensures your annual report fully complies with all Commercial Register requirements. We also help prevent penalties and the consequences of late filing, which can be substantial, including compulsory liquidation. Trust the preparation and submission of your report to professionals to avoid financial risks and focus on growth.

What is an annual report and who must file it?
An annual report is a set of documents reflecting the company's financial position and performance results for the reporting period.

• Obligation: Every company registered in Estonia is required to submit a report, regardless of whether it was active during the reporting year (a so-called "nil report").
• Purpose: Ensuring financial transparency for the state, investors, and partners.

Mandatory Submission Deadlines
For most companies whose financial year coincides with the calendar year (ending December 31st):

• Deadline: June 30th of the following year.
• Important: The report is submitted exclusively through the electronic environment of the Estonian Commercial Register. In exceptional cases, it can be filed via a notary, but this process is complex, time-consuming, and involves notary office queues.

Requirements for Content and Preparation
The report must be prepared in accordance with Estonian Financial Reporting Standards (Estonian GAAP) or IFRS.
Main parts of the report:

• Balance Sheet (Bilanss).
• Income Statement (Kasumiaruanne).
• Cash Flow Statement (Rahavoogude aruanne) – for larger companies.
• Management Report (Tegevusaruanne), describing activities and key indicators.

🔗 The preparation process requires precision. Learn more about our accounting services and ensure financial clarity without errors: 🔎 LEARN MORE

Consequences of Delay: From Fines to Deletion
Late submission of the annual report can have serious legal and financial consequences:

• Fines: The court may impose fines on the company.
• Warnings: The company receives an official warning regarding compulsory dissolution.
• Deletion from the Register: In cases of prolonged or repeated non-compliance, the company can be forcibly removed from the Commercial Register. A deleted company loses the right to operate, causing irreparable reputational damage.

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How Fedelta Accounting Ensures Timeliness

We use a planning system and internal audits to guarantee that your report is prepared and submitted well before the deadline. Trust your reporting to experts to avoid risks and gain peace of mind.