Schmidt & Schmidt offers financial statements from Italy in electronic form and their translations into English.
According to law, companies in Italy must submit annual financial statements.
These data are reported in electronic form or in paper.
Depending on the company’s assets, income, number of employees, nature of business and legal form, the law requires different amounts of data to be published.
Reporting of financial statements in Italy is subject to the Civil Code and other regulations.
Italian accounting standards correspond with the IFRS with few exceptions.
Financial statements are filed to the commercial registers kept by chambers of commerce and industry.
Following companies are obliged to file financial statements which must be reviewed by an auditor:
- Joint-stock companies
- Limited liability companies
- Joint-stock partnerships
Financial statements must be filed within 150 days after the end of the financial year.
Seven months after the end of the financial year. Six months are given for a shareholders’ meeting to approve the financial statement and 30 days for its filing. Account books must be closed during four months after the end of the financial year.
For a delayed filing of financial statements, a fine of up to 60,000 EUR has to be paid.
Simplified financial statements can be filed by companies which meet at least two of the following criteria:
- Assets’ value up to 4.4 million EUR
- Revenue up to 8.8 million EUR
- Average number of employees: up to 50 persons
Full annual report includes:
- General corporate information
- Investment report
- Ecological declaration
- Directors’ report
- Appropriation account
- Resolution of the shareholder’s meeting
- Financial statement
- Auditor’s report
Financial statement includes:
- Balance sheet
- Profit and loss report
- Equity statement
- Cash flow statement
Example of a financial statement from Italy in the Italian language.
Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.
Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.
Financial statements are provided by the commercial register of Italy. Most data concerning financial statements are public, but are provided for a fee. They can be obtained either directly from the register in paper, or in electronic form with a special online service.
Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.
To obtain financial statements of a specific enterprise, its name and registered office address are required.
Financial statements are provided in accordance with the Italian legislation and legal requirements on personal data protection.
Requests are proceeded within one working day.
On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.
Financial statement from Italy: 20 EUR
Translation of a financial statement: from 35 EUR
What are financial statements?
In our video, we explain the definition and function of financial statements and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt & Schmidt will gladly assist you.
We offer annual financial statements from more than 100 countries all around the globe.
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