Financial statements for 2020 - new deadline
The Ministry of Finance has announced an extension of the deadline for preparation of financial statements for the financial year 2020. The regulation on that is to come into force soon.
Taking into account the difficult situation caused by the COVID-19 epidemic and in response to the appeal of entrepreneurs and accountants, the Ministry of Finance has decided to extend the deadline for preparations of financial statements for the financial year 2020.
New deadlines for 2020 reporting:
- private sector entities and non-profit organisations - 30 June 2021 (deadline extended by 3 months),
- public finance sector entities - 30 April 2021 (deadline extended by a month).
The Ministry assures that the regulation on this matter has reached the final stage of the legislative process and will soon enter into force.
May we remind you that if the deadline had not been extended, the obligation to prepare the 2020 financial statements would expire on 31 March.
The Ministry of Finance has also announced an extension of the deadline for submitting CIT-8 and tax returns for 2020 to June 30.
