Submitting financial statements to the National Court Register (KRS) – final deadline 

This year's extended deadline for sending the reports to KRS will soon come to an end. When and how should financial documentation be submitted and what should it contain? 

Last year, entrepreneurs had time to submit financial documentation to the Repository of Financial Documentation of the National Court Register (RDF KKRS) only until July 15th. In 2020, the deadline was extended due to the pandemic and as a result, the final date for submitting reports passes on 15 October.

There is thus little time left, and submitting a report may not be as easy as before. Most documents must be sent electronically and certified with an e-signature or a trusted profile. Below we explain how to send the documents correctly and what elements they must consist of.

Financial statements submitted only by electronic means

The companies have 15 days from the date of approving the annual financial statements (the deadline passed on 30 September) to submit them to the National Court Register. Therefore, the deadline for submitting the reports is 15 October 2020, and the documents sent must be in an electronic form, except for resolutions for which scans are allowed.

The financial documentation submitted must bear an e-signature or a trusted profile. The electronic signature or the trusted profile must belong to the person who keeps the accounts and to the head of the department or, if the management board of a company consists of several members, they all must put in the required e-signatures.

Moreover, the Ministry of Finance has provided the required XSD, XML formats for companies registered in the National Court Register, and these formats are supported by most of the companies' accounting software.

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The completed financial statement should be submitted electronically via the portal, and this can be done in two ways using the S24 system:

  1. by a free registration in the system, if a report is submitted by a natural person whose PESEL number is disclosed in the register, the person registered as a member of the body authorised to represent, represent the entity, individually or jointly, also as a proxy, and a lawyer, attorney at law, legal adviser or a lawyer from abroad,
  2. by submitting a chargeable request in the system.

The free-of-charge option assumes the use of a trusted profile (all members of the management board and the company must have it), so if at least one member of the management board does not have a PESEL number, this option is not available.

The paid option is much more convenient, an this is also the only way to submit a financial statement to the National Court Register for entities managed by foreigners who do not have a PESEL number.

It is also worth noting that the electronic financial statement (which is a copy of the original) should be submitted together with:

  • a copy of the resolution or decision of the approving body confirming the annual financial statement,
  • a copy of the resolution on profit distribution or loss coverage,
  • a report on business activities,
  • an audit report, if the financial statement was audited,
  • a resolution of the management board concerning the continued existence of the company, if the company has shown a loss exceeding the sum of its reserve capital and reserves and half of its share capital (for a joint stock company just one third).

Contact our expert

Agata Nieżychowska
Agata Nieżychowska
Tax Director

Preparation of Financial Statements