Amendments to the tax legislation entered in force from the beginning of 2018 which waived the obligation of the companies to announce an annual financial statement in the Commercial Register in case the company have not been active during the previous year.

Instead of announcing an annual financial statement, the managers of these companies should announce a free-form statement from now on, declaring that the company has not been active during the previous year. Along with the statement a declaration regarding the trustworthy of the stated circumstances should be submitted as well.

The declaration that the company had no operations should be submitted using application forms G1 or G2 according to the official statement of the Registry Agency.

No fees are due for the statement.

The representatives of the affected companies may authorize a lawyer to file the declaration on their behalf.

Please note that this news is current as of 23.02.2018 and each case is strictly individual. This news is for information purposes only and does not constitute specific legal advice. Therefore, before you take specific action, and if we have not been able to answer all your questions, we recommend that you contact us and we will be happy to assist you. Every first consultation with us is completely free!