The PRH orders company to file financial statement documents with the Finnish Trade Register under penalty of a fine
The PRH can, at its discretion, request your company to file its financial statement documents or complete its incomplete financial statement documents under penalty of a fine, if your company has not filed all of its financial statement documents with the Trade Register within the time limit. See time limits by company type.
The penalty fine is ordered for the person responsible for the company and the amount depends on the person’s income. File all of the financial statement documents for registration with the Trade Register so the person responsible for the company avoids the penalty payment. Go to our instructions: How to file financial statements with the Trade Register.
We do not extend the deadline for filing financial statements.
Penalty payment procedure
- The PRH sends a letter to the person responsible for the company and requests the company to file its financial statement documents for registration with the Trade Register within the time limit.
- If your company fails to file all of its financial statement documents within the time limit, we will send a decision about the penalty payment to the person responsible for your company and request them to file the financial statement documents with the PRH under penalty of a fine. The decision about the penalty payment is not appealable.
- If your company fails to file its financial statement documents within the given time, the PRH will send a reminder to the person responsible for your company.
- If your company fails to file all of its financial statement documents for registration within the given time limits, we will order the person responsible for your company to pay a penalty payment. The decision on imposing the penalty payment is delivered by a process server. The decision is appealable. The appeal period is 30 days.
If your company fails to file all of its financial statement documents for registration despite the penalty payment, the PRH can order your company into liquidation or remove it from the Trade Register. Read more about the procedure.
Go to our instructions: How to file financial statements with the Trade Register.
See the legislation for more information
The obligation to file financial statement documents, as well as the penalty payment procedure, are regulated in the following acts:
- Finnish Accounting Act, (kirjanpitolaki 1336/1997): chapter 3, section 9, and chapter 8, section 1
- Finnish Limited Liability Companies Act (osakeyhtiölaki 624/2006): chapter 8, section 10
- Finnish Co-operatives Act (osuuskuntalaki 421/2013): chapter 8, section 10
The penalty payment procedure is regulated in sections 6–8, 10–12 and 22–23 in the Finnish Act on Conditional Fines. Read more about the Act on Conditional Fines in the reference database of Finnish legislation Finlex (available in Finnish and in Swedish).Open link in a new tab
Appeal of decisions is regulated in section 7, subsection 1 in the Act on Finnish Patent and Registration Office. Read more about the Act on the Finnish Patent and Registration Office in the Finnish legislation database Finlex (available in Finnish and in Swedish).Open link in a new tab