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Small and Medium Company exemptions

Small company exemption

A company can avail of small company exemptions if two of the following criteria are satisfied in respect of the financial year in question:

  • Balance sheet total does not exceed €1,904,607
  • Turnover does not exceed €3,809,214
  • Number of employees does not exceed 50

A small company is only required to file an abridged balance sheet and selected notes on the financial statements with the Registrar of Companies.

Medium company exemption

A company can avail of medium company exemptions if two of the following criteria are satisfied in respect of the financial year in question:

  • Balance sheet total does not exceed €7,618,428
  • Turnover does not exceed €15,236,856
  • Number of employees does not exceed 250

A medium company is only required to file an abridged profit and loss account, abridged balance sheet, selected notes on the financial statements and the directors’ report with the Registrar of Companies.