Royal Decree-law 4/2025 extends the application of the corporate moratorium on losses linked to COVID-19, giving affected companies more time to absorb those losses. As a result, the rules on mandatory dissolution of capital companies remain temporarily relaxed.
Article 6 of the decree extends by one more year the option for companies impacted by COVID-19 to exclude pandemic-related losses from their accounts. This aims to prevent businesses from being forced into dissolution due to the heavy losses recorded in 2020 and 2021. These losses will not be considered until the financial years starting in 2025 have officially closed.
To support this extension, the decree sets out special deadlines for preparing and approving annual accounts. Companies may restate previously filed accounts if needed, and, in any case, they will have up to one month from April 9, 2025, to submit them. Likewise, any shareholder meetings already convened may be amended or cancelled. If cancelled, they must be reconvened no later than one month after the accounts are filed.
At addwill, we have the expertise to help companies navigate the end of the accounting moratorium and manage its implications. Contact our team at +34 934 875 200, by email at comunicacio@addwill.eu, or click here.