Extension of the deadline for preparing and approval of financial statements for 2020
Due to the COVID-19 pandemic, the Minister of Finance, Funds and Regional Policy has extended some deadlines for financial reports:
- by 3 months (the end of the 6th month after the end of the financial year) – the deadline for preparing financial statements. In case of public sector entities, the deadline was extended by 1 month, and in case of entities to which the provisions of the acts referred to in Article 1(2) of the Act of 21 July 2006 on financial market supervision apply, the deadline was not extended;
- by 3 months (the end of the 9th month after the end of the financial year) – the deadline for approval of financial statements. In case of public sector entities, the deadline was extended by 1 month, and in case of entities to which the provisions of the acts referred to in Article 1(2) of the Act of 21 July 2006 on financial market supervision apply, the deadline was not extended;
- until 31 July 2021 – the deadline for submission of financial statements to the Head of National Revenue Administration by sole traders with a turnover of more than EUR 2 million.
The extensions to the deadlines referred to above apply to obligations relating to a financial year ending after 29 September 2020, but no later than on 30 April 2021, which have not expired before 31 March 2021.
Full text of the regulation – LINK.
Please remember:
- The deadline for submitting financial statements to the National Court Register by entities entered in the Register of Entrepreneurs of the National Court Register is 15 days from the date of approval of this statement.
- The deadline for submitting financial statements to the Head of National Revenue Administration by CIT taxpayers not entered in the Register of Entrepreneurs of the National Court Register is 10 days from the date of approval of the statement.
getsix® accounting department offers professional financial reporting services, including monthly or periodical generation of financial statements according to customer deadlines. Our experts will also help you through the process of submitting your financial statements to the National Court Register. Feel free to contact us.
If you have any additional questions about tax or require further information, please contact your relevant contact person who will forward your enquiry to the department:
Aneta Majchrowicz-Bączyk
Partner / Attorney at law (PL)
Specialisation: Tax law
Head of getsix Tax & Legal
getsix Tax & Legal
Our specialist tax advisors, headed by Mrs. Aneta, are at your disposal. You will find the contact form on the getsix website.
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