Time-limit for submission of annual reports extended to six months

The bill, which was passed on 19 May 2022, permanently extends the time-limit for submission of annual reports for enterprises in reporting classes B and C from five months to six months as from the financial year 2021. A similar extension has not been introduced for listed and state-owned enterprises, which still have to comply with the current time-limit of four months from the end of the financial year. The extension for enterprises in reporting classes B and C comes into force on the day after the announcement in the Danish Law Gazette.

We recommend that enterprises in reporting classes B and C review their articles of association for the purpose of ensuring compliance with potential time-limits for submission of annual accounts. It is mentioned explicitly in many companies' articles of association that the annual report must be submitted to the Danish Business Authority no later than five months after the end of the financial year. 

Read the bill (in Danish)