Small and Medium Company Exemptions
Small Company Exemption
A small company is required to file an abridged balance sheet and selected notes on the financial statements with the Companies Registration Office (CRO).
A company can take advantage of small company exemptions if two of the following criteria are satisfied in respect of the financial year:
- Balance Sheet total does not exceed €4.4 million
- Turnover does not exceed €8.8 million
- Number of employees must not exceed 50
Medium Company Exemption
A medium company is required to file an abridged profit and loss account, abridged balance sheet, selected notes on the financial statements and the directors report with the CRO.
A company can take Advantage of medium company exemptions if two of the following criteria are satisfied in respect of the financial year:
- Balance Sheet total does not exceed €7.62 million
- Turnover does not exceed €15.24 million
- Number of employees does not exceed 250