Guide
Annual financial statements
Preparation and filing of your annual financial statements with APR, plus the tax balance and tax return with the Tax Administration.
Preparing the annual financial statement means compiling the year-end report that shows your company's assets, liabilities and business result for the previous year. Every legal entity and entrepreneur keeping double-entry books files this report with the Business Registers Agency (APR). Separately, the tax balance and tax return are filed with the Tax Administration through the ePorezi portal. It is a legal obligation with different deadlines for APR and for the Tax Administration, and accurate, on-time reports protect you from penalties and give you a clear picture of how the business is doing.
What you should know
- The annual statement includes the balance sheet, income statement and statistical report; medium and large entities also submit notes to the financial statements.
- It is filed by every legal entity and entrepreneur keeping double-entry books; if the company had no activity at all and has no assets or liabilities, a statement of inactivity is filed instead of the report.
- The regular annual financial report is filed with APR by 31 March of the current year for the previous business year, exclusively online with a qualified electronic signature.
- The tax balance and tax return are filed with the Tax Administration via the ePorezi portal within 180 days of the year-end, that is by 30 June for companies whose business year equals the calendar year; legal entities file the PB1 and the PDP return, while entrepreneurs with books file the PB2 and the PPDG-1S return.
- Legal entities are classified as micro, small, medium or large by average headcount, operating revenue and total assets, which determines the scope and content of the reports.
| Obligation | Filed with | Deadline | Forms |
|---|---|---|---|
| Regular annual financial report | APR (online, with qualified electronic signature) | By 31 March of the current year | Balance sheet, income statement, statistical report |
| Tax balance and tax return (legal entities) | Tax Administration via ePorezi portal | 180 days after year-end (by 30 June for calendar year) | PB1 and PDP return |
| Tax balance and tax return (entrepreneurs with books) | Tax Administration via ePorezi portal | 180 days after year-end (by 30 June for calendar year) | PB2 and PPDG-1S return |
How we handle it
- 01 Bookkeeping review Before drafting the statements we review and clean up all postings and reconcile customers, suppliers and account balances for the whole business year.
- 02 Closing entries We post depreciation, exchange differences, provisions and other closing entries so the business result is stated correctly.
- 03 Drafting the statements We prepare the balance sheet, income statement, statistical report and, where required, the notes to the financial statements.
- 04 Tax balance and return We compile the tax balance and prepare the tax return: for legal entities the PB1 and the PDP return, and for entrepreneurs with books the PB2 and the PPDG-1S return.
- 05 Filing and confirmation We file the financial statement with APR by 31 March, and the tax balance and return with the Tax Administration via the ePorezi portal within 180 days of the year-end, and provide you with confirmations of successful submission.
Frequently asked questions
By when must the annual financial statement be filed with APR?
The regular annual financial report is filed with APR by 31 March of the current year for the previous business year, exclusively online with a qualified electronic signature.
Which forms do legal entities and entrepreneurs file with the Tax Administration?
Legal entities file the PB1 tax balance and the PDP return, while entrepreneurs keeping books file the PB2 and the PPDG-1S return, via the ePorezi portal within 180 days of the year-end.
What is filed if the company had no activity at all?
If the company had no activity at all and has no assets or liabilities, a statement of inactivity is filed instead of the financial report.
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