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PRH to fine companies for late financial statements and missing information
As of 2025, the Patent and Registration Office (PRH) can issue new charges to companies which have not submitted their financial statements on time or which do not correct omissions or errors in their Trade Register details.
The new late filing fine concerns financial statements for financial years ending in or after December 2024. In practice, the fines will begin to be issued from the autumn of 2025 onwards, the PRH says in a press release.
The PRH will issue a late filing fine for financial statements if a limited company, cooperative, societas Europaea or European cooperative society does not file its financial statements with the Trade Register within eight months of the end of the financial year.
Late filing fine
The size of the fine depends on how late the filing is:
€150 if the financial statements are filed up to 2 months late
€300 if the financial statements are filed 2–4 months late
€600 if the financial statements are filed over 4 months late or not filed at all.
The fine is doubled for public limited companies and societates Europaeae.
The PRH also issues a double fine if the company has failed to submit a financial statement on time for two or more consecutive financial years.
Fine for insufficient register information
From 2025 on, the PRH can also fine companies that fail to correct deficient or erroneous Trade Register records, despite having received notices to do so. This penalty can be issued to all company types.
The PRH may issue a €300 penalty if, for example, no address, board with a quorum, or beneficiaries are listed, if the register information contains errors (for example, if the auditor is not approved) or if a responsible person or auditor is prohibited from conducting business. The penalty is doubled for public limited companies and societates Europaeae.
Details up to date
The new fines are based on the Trade Register Act, which sets the amounts of the fines.
A company can avoid fines if it files its financial statements per instructions and on time, that is, within 8 months of the end of the financial year.
It can avoid a fine by keeping its Trade Register information up to date and submitting missing information as soon as the business is asked to by the PRH. The PRH sends such requests to businesses by post.
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