A company limited must hold an Annual General Meeting (AGM) to approve the company’s financial statements and other matters within 4 months of its fiscal year end. It must also submit its updated shareholders list and audited Financial Statements to the Department of Business Development (DBD) respectively within 14 days and 1 month of the meeting date. Last, Financial Statements and Corporate Income Tax return (PND50 form) must be filed to the Revenue Department (RD) within 150 days of the fiscal year end.
In summary and if your company’s fiscal year ends on 31/12, you must:
- Hold the AGM within 30/04/2020
- Submit the company’s updated shareholders list to the DBD within 14 days of the AGM date (14/05/2020 latest this year and if the AGM is held on 30/04/2020)
- Submit the audited financial statements to the DBD within 1 month of the AGM date (31/05/2020 latest this year and if the AGM is held on 30/04/2020)
- Submit the audited financial statements and Corporate Income Tax return (PND50 form) to the RD within 150 days of the fiscal year end, i.e. 29/05/2020 latest this year