Annual Return
/ˈænjuəl rɪˈtɜrn/
Definitions
- (n.) A mandatory yearly document submitted by a company to a government authority detailing financial status, shareholder information, and company activities.
The corporation filed its annual return with the registrar before the deadline.
- (n.) A tax form submitted annually by individuals or entities to report income and calculate tax liability.
Individuals must submit their annual return to the tax authority to comply with tax laws.
Forms
- annual return
- annual returns
Related terms
See also
Commentary
The term 'annual return' is often confused with 'annual report'; the former is a statutory filing usually limited to specific details, whereas the latter is more comprehensive and voluntary in nature.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.