• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Email: accace@accace.com

Contact us
Sign up for news
  • Locations
  • Websites
    • Global (English)
    • Global (German)
    • Czech Republic
    • Germany
    • Hungary
    • Poland
    • Romania
    • Russia
    • Slovakia
    • South Africa
    • Ukraine
    • United States of America (USA)
  • eShop

Accace - Outsourcing and advisory services

  • Services
    • OUTSOURCING
    • Accounting and reporting
    • Accounting online portal
    • Payroll and HR administration
    • Payroll and HR online portal
    • Time and attendance online portal
    • ADVISORY
    • Tax advisory
    • Transaction advisory
    • Legal advisory
    • Corporate and secretarial
    • Advisory online portal
    • MARKET ENTRY SUPPORT
  • COVID-19
  • About us
    • Who we are
    • Case studies
    • Meet our key People
    • Partner with us
    • Corporate Social Responsibility
  • Careers
    • Open positions
    • Who we are
    • Our values
    • Success stories
    • How we care
    • How we act
    • We volunteer
  • Newsroom
  • Events
  • Locations

Amendment to the Act on Accounting in Slovakia | News Flash

3 Dec 2014

Download Download PDF

 

 
New Amendment to the Accounting Act will come into force in Slovakia as of 1.1.2015. The amendment introduces new classification of accounting entities, possibility to file the announcement on the date of financial statements approval also in paper form as well as change on the functionality of the Register of the Financial Stataments.

New classification of accounting entities

One of the main changes is a new classification of accounting entities.

As of January 1st, three different classes of accounting entities will be distinguished upon the operating size: so-called micro, small and big accounting entity. This classification will influence the extent of the financial statements as well, while it will be dependent on the fulfilment of the following conditions:

Amendment to the Act on Accounting
The accounting unit has to meet at least two out of three above mentioned criteria while classifying, and this during the two subsequent accounting periods.

A new-established accounting entity (for example accounting unit that will be established in 2015) will be classified in one of the mentioned classes based on its own decision. Accounting entity that meets the conditions for micro-accounting entity can decide any time to proceed as the small accounting entity.

Existing accounting entities that use calendar year as an accounting period will proceed with  the classification to the different size classes as of 1.1.2015, while they will take into consideration also the immediately preceding accounting period, i.e. the status to 31.12.2014. Accounting entities using fiscal year as an accounting period will proceed based on the new conditions starting from the fiscal period that starts during the year 2015, while they will consider the conditions fulfilment also for the day when the financial statements shall be prepared during the year 2015. Accounting entity that considered itself for the micro-accounting entity in 2014 will be considered to be micro-accounting entity pursuant to the wording effective as of 1.1.2015.

Announcement on the date of financial statements approval

The amendment also expends the possibility to file the announcement on the date of financial statements approval in paper form.

In 2014, the announcement was possible only electronically or per repeated filing of the whole (already approved) financial statements. Starting from 2015, it will be possible also in paper form. The template of the announcement on the date of financial statements approval will be regulated by the Ministry. The announcement in the paper form shall be delivered to the Tax Office.

Register of Financial Statements

The amendment on the Accounting Act has also introduced a change in the functionality of the Register of Financial Statements.

The aim is to decrease the number of incorrect or incomplete submissions. The amendment authorises tax offices to call upon an accounting entity to correct or supplement the financial statements in case of incompleteness or incorrectness. The amendment also regulates that if an accounting entity does not eliminate the shortcomings upon the call, the delivery will be considered as undelivered, i.e. periods will begin only after the accurate and complete filing.

Experience from practice has shown that the accounting entities ask for copies of documents filed in the Register of the Financial Statements for different purposes and because of the poor accessibility, the places where the copies of these documents will be provided upon requests, will be expanded.

 

 

Contact 
Miloslav Jošt
Senior tax Consultant
+421 2 325 53 000
miloslav.jost@accace.com

Primary Sidebar

<< Back to newsroom

NEW TO THE MARKET?

Use the free consultancy delivered by our in-country experts to get you prepared.

See what is included and schedule your call now!

We only need your email

Footer

About Accace

Originally established in Central and Eastern Europe in 2006, Accace ranks among the leading outsourcing and consultancy providers in the region. Engaging over 600 experts, we have vast experience with handling small to large scale, multi-country outsourcing projects and providing a comprehensive range of our services to over 2,000 customers.

About Accace Circle

Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Covering almost 40 jurisdictions with over 2,000 professionals, we support more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 170,000 pay slips globally.

Locations and contacts | Accace Circle

Our services

Accounting and reporting
Payroll and HR administration
Tax advisory
Transaction advisory
Legal advisory
Corporate and secretarial

Our eShop

Market entry support
See full list of services

Our online portals

Accounting portal
Payroll and HR portal
T&A portal
Advisory portal

Get in touch with us

Locations and contacts
Contact us
Sign up for news
Newsroom
Careers


Follow us

Facebook LinkedIn Twitter Instagram Youtube


Accace Circle

© Accace all rights reserved | Code of conduct | General Disclaimer | Disclaimer Newsroom | Cookie policy | Privacy policy | GDPR Statement

Get free access to
valuable insights
expert knowledge

Our legislation updates make it easy for you to keep on top of the latest changes affecting your business. Receive our articles, opinions, tips, industry news, country profiles, regional overviews and studies, latest events and even more, directly into your mailbox.

Check out our Newsroom to see what is included!

We only need your email

We will send you only relevant information we consider may be of your interest and treat your personal data in compliance with our Privacy policy and GDPR statement.

Unable to subscribe?  Try this page.

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies. Find out more.