What it is
Bill would raise company size thresholds, cutting reporting duties
Amendments step 3 of 7· LapsedIt is a government bill. Introduced by the Government. It was introduced on 8 November 2025. Introduced by: Gobierno.
Official title: Government bill amending the size criteria of companies for financial information purposes.
Source: Congreso de los Diputados, file 121/000075· updated 11 Nov
Automatic summary, not yet reviewed
- The bill would raise company size thresholds (assets, turnover and employees) by 25 percent, following a European directive that adjusts these limits for inflation. Fewer companies would then fall under accounting and sustainability reporting duties.
- It would let more companies prepare abbreviated balance sheets and statements of changes in equity: assets up to €7.5 million, turnover up to €15 million and up to 50 workers, meeting two of these three conditions for two consecutive years.
- It would also raise the limits for exemption from auditing annual accounts: assets up to €3,565,000, turnover up to €7,125,000 and up to 50 workers, meeting two of the three conditions for two consecutive years.
- It would update the definitions of small and medium audit entities in the Audit Law with the new thresholds: small entities up to €7.5 million in assets and €15 million in turnover; medium ones up to €25 million and €50 million, with up to 250 workers.
- It would adapt two accounting regulations so that small companies and non-profit entities can apply the SME General Accounting Plan under the new limits: €7.5 million in assets, €15 million in turnover or income and 50 workers.
- The law would take effect the day after its publication in the Official State Gazette and would apply to fiscal years starting on or after January 1 of the current year. It would also authorize the Government to approve, within two years, a consolidated text of the Audit Law.
Words worth knowing
- Balance abreviado
- Abbreviated balance sheet, a simplified version of the document summarizing a company's assets, debts and equity.
- Cifra anual de negocios
- Annual turnover, the income a company earns from its activity during the year.
- Total de balance (activo)
- Total assets, the overall value of the company's assets and rights.
- Texto refundido
- Consolidated text, a single text gathering a law and all its amendments.
- Directiva Delegada (UE) 2023/2775
- A 2023 EU directive updating company size thresholds for inflation.
It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries
Where it stands
How far did it get?
It took 3 of 7 steps. It reached Amendments, and today it is lapsed.
- Introduced8 November 2025Someone registers the text in the Congreso.
- Admitted18 November 2025The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
- Amendments21 November 2025Groups propose changes.
- Committeenot reachedA committee goes through the text in detail.
- Plenarynot reachedAll 350 deputies vote.
- Senatenot reachedThe Senate can pass it, amend it or veto it.
- BOEnot reachedIt is published in the Official State Gazette (BOE) and comes into force.
See the 5 official steps on a timeline
Was there a plenary vote?
We have no plenary vote linked to this law in the Congreso’s data.
What happens next
What happens now?
The legislature ended before it finished. To go on, someone would have to introduce it again in the new Cortes.
Sources
Where does all this come from?
- Congreso de los Diputados, file 121/000075
Official title, type, author, dates and stage.
Retrieved 11 November 2026
- Congreso de los Diputados, procedure
The date of each step, with its official wording.
Retrieved 12 November 2026
- The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
- Each deputy’s province is the one of their seat on the day of the vote.
- We never say “passed” because of a vote: the files do not say which majority was needed.