The category of reporting forms has to be at least the minimum category according to the company indicators. It is possible to choose a higher category of reporting forms if the company wants to compile more comprehensive annual report.
According to the amendment to the Accounting Act that entered into force on 17.01.2025, the category must also be selected by non-commercial entities (including non-profit organizations, apartment associations, foundations - in the case of the selection of micro or small undertaking, the choice of report forms is limited, for submitting the report in the previous form, the medium-sized undertaking category can be selected)
Conditions of categories:
- Micro undertaking – an accounting entity whose two of the indicators on the reporting date do not exceed the following indicators:
- Revenue during an accounting year is up to 900,000 euros;
- Total assets up to 475,000 euros;
- Average number of employees during an accounting year up to 10 persons.
- Small undertaking - an accounting entity that is not a micro undertaking and whose two of the indicators on the reporting date do not exceed the following indicators:
- Revenue 15,000,000 euros;
- Total assets 7,500,000 euros;
- Average number of employees during an accounting year 50 persons.
- Medium-sized undertaking – an accounting entity which is neither a micro undertaking nor small undertaking and whose two of the indicators on the reporting date do not exceed the following indicators:
- Revenue 50,000,000 euros;
- Total assets 25,000,000 euros;
- Average number of employees during an accounting year 250 persons.
- Large undertaking – an accounting entity which is not a micro undertaking, small undertaking nor medium-sized undertaking.
NB! Reports with a period beginning before 01.01.2024 will be subject to the previous category conditions (the version of the Accounting Act valid until 16.01.2025 Accounting Act–Riigi Teataja)