With a decision dated 21/02/2024, the Council of Ministers abolished the annual company fee of 350 euros as an additional measure to support businesses. This decision will take effect from this year.
The annual fee was initially imposed in 2011 as part of fiscal consolidation measures.
During the early stages of the change in government last spring, the Treasury opposed the elimination of the levy, which parties were advocating for through the parliament’s Trade Committee. The ministry presented to Parliament the potential loss of annual revenues of €40 million, budgeted for 2024, in case of abolishing the fee and favoured a gradual elimination of the burden, based on business turnover.
According to recent figures presented in Parliament, a significant number of companies, many of which are dormant, owe the state treasury a total sum of around 30 million euros due to their failure to comply with this obligation in previous years.
At this stage, we are awaiting an announcement from the Registrar of Companies to determine if they will refund the amount of 350 Euros to the companies that have already paid for the year 2024.
Disclaimer
Disclaimer
This guide contains information for general guidance only and does not substitute professional advice, which must be sought before taking any actions.
