From January 2013, there will be new requirements for depositing
financial statements published by companies operating in the Slovak
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 McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 01/08/2012.