The novelty from the Accounting Law

New Law of Accounting comes into force on 01.01.2016. year and brings with it significant changes that are essential for the business entrepreneur.

The most important change relates to the postponement the application of the uniform accounting ledger to 01.01.2017. year., which caused excessive pressure businesses and the public due because of the high cost of its implementation and a short deadline that has been set.

Also changes the terms handover of the financial statements for 2016 in 2017 to 30.04. for statistics and publication, and now the are consistent with the submission deadlines income tax.
The documents on which the data was entered in the auxiliary books are kept for at least 11 years (according to the current law was 7 years old). That deadline is now in compliance with the regulations of the General Tax Act, according to which the same are kept for 10 years from the beginning of the statute of limitations.