Sunday, September 25, 2011

Procedure for submission of Financial Reporting will be changed

eeeeObnarodovan Draft Resolution of Cabinet of Ministers, which includes changes to the order of presentation of financial statements, approved by the Cabinet of Ministers of 28.02.2000, № 419 (hereinafter - the Order). In the case of approval of the draft resolution procedure would be brought into conformity with the provisions of the Tax Code and the Law of 16.07.1999, № 996-XIV, namely: - payers of income tax will apply to the Authority SOT quarterly and / or annual financial statements (all except small businesses), and small businesses, which are assigned to those according to the Commercial Code - annual financial statement - legal entities that meet the criteria as defined § 154.6 of the Tax Code will be required to submit financial statements provided to small businesses, the relevant authorities once a year - the annual financial statements will be filed not later than February 9 - Quarterly financial statements will be submitted to the authorities of the SOT in the timing of the tax return for income tax, that is, within 40 calendar days following the last calendar day of the reporting (tax) district - banks will submit financial statements and consolidated NBU's financial statements in accordance with their specific. The entry into force of the Order is expected to 01/04/1911, the

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