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From January 2013, there will be new requirements for depositing
financial statements published by companies operating in the Slovak
Republic.
The changes apply to all financial statements for the year 2012
and subsequent years.
Companies will have to deposit their financial statements into a
separate register, established only for this purpose, instead of
depositing them into the Collection of Deeds held by the
companies' registration courts. They may be submitted in
hardcopy or electronic form, through the relevant tax
authority.
The main change is that the deadline of 6 months (until June 30)
for depositing financial statements will apply even where the
statement has not yet been approved by the relevant corporate body;
the company must then announce the date on which the statement was
approved.
Failure to deposit the financial statement by the deadline could
lead to the company being fined up to 2% of its total assets
(capped at a maximum fine of € 1 million).
Law: Act no. 513/1991 Coll. Commercial Code as later
amended, Act no. 431/2002 Coll. on accounting as later
amended
This article was written for Law-Now, CMS Cameron
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developments.
The original publication date for this article was
01/08/2012.
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