small and medium-sized enterprises

Defined in Article 2, Directive 2012/27/EU

Definitions over time (2)

1. 09/07/2018 – today applies on 12/11/2026 Article 2, Directive 2012/27/EU Scope: Whole act Also: SMEs

   For the purposes of this Directive, the following definitions shall apply:

   ‘small and medium-sized enterprises’ or ‘SMEs’ means enterprises as defined in Title I of the Annex to Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (^{3}); the category of micro, small and medium-sized enterprises is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding EUR 50 million, and/or an annual balance sheet total not exceeding EUR 43 million;

2. 01/07/2013 – 09/07/2018 Article 2, Directive 2012/27/EU Scope: Whole act Also: SMEs

   For the purposes of this Directive, the following definitions shall apply:

   ‘small and medium-sized enterprises’ or ‘SMEs’ means enterprises as defined in Title I of the Annex to Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (^{23}); the category of micro, small and medium-sized enterprises is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding EUR 50 million, and/or an annual balance sheet total not exceeding EUR 43 million;

Used in (16 places in 6 provisions on 12/11/2026)

Directive 2012/27/EU (16 in 6)

Recital 24³ · Recital 41² · Article 2⁴ · Article 8⁵ · Article 18 · Article 24