In Ireland, companies are required to file their Annual Accounts and Corporation Tax Return with the Companies Registration Office (CRO) and the Revenue Commissioners respectively. Here’s an overview of the process:
Every company in Ireland is legally obliged to prepare annual financial statements in accordance with the Companies Act and accounting standards (e.g., Irish Generally Accepted Accounting Principles, International Financial Reporting Standards).
The financial statements consist of the balance sheet, profit and loss account, cash flow statement, and notes to the financial statements.
Companies must also prepare a director’s report and an auditor’s report (unless the company is exempt from audit requirements).
The financial statements should be prepared within 9 months of the company’s financial year-end.
Private limited companies (LTDs) must file their financial statements with the CRO, while public limited companies (PLCs) must submit them to both the CRO and the Companies Announcements Office (CAO).
It’s worth mentioning that this information is based on the regulations in effect up until my last knowledge update in September 2021. It’s always advisable to consult the latest official guidelines from the CRO and the Revenue Commissioners or seek professional advice to ensure compliance with the most up-to-date requirements.
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