Pursuant to the provisions of the Law on Accounting, the implementation of which began this year, the Serbian Business Registers Agency would like to remind the obliged entities of the changed deadlines and requirements for the submission of financial statements for 2021.
The deadline for submitting the regular annual financial statements expires on 31 March 2022 but not on 28 February. The new Law has abolished the obligation to submit data for statistical and other purposes by 28 February, while the deadline for submitting the regular annual financial statements, along with the Statistical Report form, has been moved to 31 March.
Documentation, including relevant decisions, is no longer required to be submitted by all legal entities and entrepreneurs. This documentation is submitted only by entities subject to audit and by the additional deadline – 30 June 2022. Furthermore, these entities are no longer obliged to submit a decision on the distribution of profits/coverage of loss.
As of this year, micro-sized companies, cooperatives and institutions are obliged to submit, in addition to the regular annual financial statement, the Notes that accompany that statement.
Other micro-sized legal entities (political organizations, trade unions, foundations and endowments, associations, sports associations, chambers, etc.) and micro entrepreneurs should not enclose any documents to the regular annual financial statement, except in extraordinary situations, e.g. in the case of out-of-date data on the legal entity in the obliged entities records, if the legal representative is limited by a co-signature, etc.