The arrival of spring marks the most wonderful and challenging
time for all accountants – a time to prepare financial
statements and reports for the authorities. This year, same as the
previous one, the authorities have decided to postpone the
deadlines for submission due to special circumstances caused by the
pandemic.
Obligors of submission of annual financial statements for
statistical and other purposes, according to Article 32 of the
Accounting Act, are companies, sole traders, domestic business
units and branch companies of entrepreneurs with a registered
office abroad and all other legal and natural persons liable for
income tax. The reports that need to be submitted are balance
sheet, profit and loss account, corporate income tax return file,
transfer of loss report and report on foreign business activities,
if there were any. The usual deadline for the submission is April
30th of the current year, but this year it was extended to June
30th.
