de en
Nexia Ebner Stolz

Relief for the midmarket

On June 27, 2013, the German Bundestag enacted a new regulation for commercial fine procedures which offered relief to medium-sized companies. The law went into effect after its promulgation in the Bundesgesetzblatt.

Among other things, this redu­ces the mini­mum fine for late dis­c­lo­sure by small or micro-enter­pri­ses of annual finan­cial sta­te­ments for fis­cal years ending on or after Decem­ber 31, 2012. The mini­mum fine up to now of EUR 2,500 is redu­ced to EUR 500 for micro-enter­pri­ses and to EUR 1,000 for small enter­pri­ses, as long as they make the dis­c­lo­sure before the Federal Office of Justice takes any furt­her steps.

back to top