FINANCIAL STATEMENTS SOON TO BE IN ELECTRONIC FORM ONLY

We wish to alert you to the recent amendments to the National Court Register Act. The new law, which is due to enter into force on 15 March 2018, will substantially change the rules on how to prepare and submit financial statements to the National Court Register (KRS) and tax authorities.

The following requirements will apply as of 1 October 2018:

1. financial statements shall be prepared in an electronic form and may only be submitted using a dedicated on-line service provided by the Justice Minister for the purpose;

  • the (electronic) financial statements must be signed by each management board member using his or her qualified electronic signature,
  • the financial statements must be submitted electronically with the use of qualified electronic signature or signature confirmed by a trusted ePUAP profile by at least one individual authorised to represent the company whose personal ID number PESEL is identified in the KRS;

2. the filings made via the on-line service will be accessible also for tax authorities so that businesses with KRS registration will no longer be required to separately send their financial statements (accompanied by audit report plus copy of resolution of the general meeting to approve the statements) to tax offices.

There will be an interim period between 15 March and 30 September 2018 when the following rules will apply:

  • financial statements can continue to be prepared traditionally (on paper with handwritten signatures);
  • such financial statements will be duly submitted to KRS if they are sent as a scan with the use of qualified electronic signature or signature confirmed by a trusted ePUAP profile by at least one individual authorised to represent the company whose PESEL number is identified in the KRS;
  • corporate income tax payers will have to file their annual financial statements (plus audit report and copy of resolution of the general meeting to approve the statements) to tax offices as they did before, i.e. on paper, within 10 days from approval of the statements.

We recommend verifying whether your company is able to comply with the above preparation and filing standards for electronic financial statements, especially if its authorised representatives include foreigners.

If this issue pertains to your business and you are interested in our assistance, please contact your WTS&SAJA consultant or our office.

 

Doradztwo Podatkowe WTS&SAJA Sp. z o.o. 
Bałtyk Building, 13th floor
ul. Roosevelta 22
60-829 Poznań
tel. (+48) 61 643 45 50
fax. (+48) 61 643 45 51

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02-001 Warszawa

This Newsletter provides general information and is designed to keep you up-to-date with changes in tax law, tax rulings and interpretations, case law development and interesting commentaries.
Doradztwo Podatkowe WTS&SAJA shall not be held legally liable for any acts or omissions that follow from the contents hereof.

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