Article
Deadlines For Delivery Of Financial Statements
The reports for the year 2022 are submitted within the deadlines prescribed by Article 44 of the Accounting Law:
- the regular annual financial report (RGFI) and the Statement of Inactivity are submitted no later than March 31, 2023.
- the consolidated financial report (KGFI) is submitted by May 3, 2023, given that the last day of the deadline - April 30, 2023. falls on a non-working day.
- extraordinary financial report - within 60 days from the balance sheet date.
Along with the financial reports, those liable for the audit shall submit the documentation prescribed by Article 45 of the Law within the following deadlines:
- documentation with the RGFI no later than June 30, 2023.
- documentation with KGFI no later than July 31, 2023.
Failure to comply with prescribed obligations is a commercial offence, for which a fine of 100,000 to 3,000,000 is foreseen for a legal entity, or a fine of 20,000.00 to 150,000.00 dinars for a responsible person in a legal entity. When it comes to entrepreneurs, the fine for this offense is from 100,000 to 500,000 dinars.
Auditors who decide to submit the prescribed documentation separately from RGFI (as defined by the Law), RGFI submits through the request "Regular annual financial report" within the deadlines specified for the submission of that type of report, and the documentation through the request "Documentation with the regular annual financial report" within the deadlines prescribed for the submission of documentation to the RGFI (until June 30 for taxpayers with the same calendar year).
Those liable for the audit submit the documentation prescribed by Article 45 of the Law, as a rule, separately from the RGFI, whereby they can submit the corrected RGFI together with the documentation, if corrections were made in the report that was publicly published as complete and mathematically correct, by choosing one of the following requirements:
- Documentation with the regular annual financial report.
- Corrected regular annual financial report with documentation.
Legal entities and entrepreneurs who are not required to be audited, after publishing the RGFI as complete and computationally accurate, can submit an audit of that report by selecting the request:
- Voluntary audit (if they have no changes in the publicly published RGFI).
- Replacement of the regular annual financial report with a voluntary audit (if they make changes to the data in the RGFI, in relation to the report that was publicly published as complete and mathematically accurate).
Legal entities and entrepreneurs can submit the replacement of the RGFI, that is, the Statistical Report or documentation by selecting one of the following requests:
- Replacement of the regular annual financial report.
- Replacement of the Statistical Report.
- Replacement of documentation with the regular annual financial report.
After the expiry of the legal term, reports, and documentation, as well as the Statement of Inactivity for the year 2022, can be submitted by taxpayers no later than the end of the next business year in relation to the year to which they relate (by the end of 2023 for taxpayers with a business year that is equal to the calendar), after which any possibility of their delivery ceases. The above also applies to the replacement of reports, and documentation, except in the case of the replacement of the extraordinary financial report (FFI), which taxpayers can submit no later than the day of submission of the RGFI for the reporting year in which the basis for the preparation of the FFI arose.
In the course of 2023, it is not possible to submit financial statements, i.e., the Statement of Inactivity for earlier years.
Tax and Legal Department