Deadlines for filing AFS 2019 - extension

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  • The deadline for filing 2019 annual financial statements is extended to 30.09.2020
  • The deadline for filing 2019 audited annual financial statements and audit reports is extended to 30.09.2020
  • The deadline for filing 2019 annual financial statements for Non-for-profit organizations is extended to 30.09.2020
  • The deadline for filing 2019 annual financial statements for entities formed under the Obligations and Contract Act and commercial representative offices with the Commercial Register is extended to 30.09.2020
  • A dormant sole trader is NOT obliged to file annual financial statements for 2019 as well as a return confirming it was not active during the year.
  • Businesses or non-for-profit organizations are not required to file annual financial statements but must file a return declaring there was no commercial activity during the year, in the first year of inactivity.
  • The return for declaring an entity was dormant in 2019 is a special form that needs to be filled in and filed by 30.06.2020.
  • If an entity continues being inactive in the flowing years, there is no obligation to re-submit the declaration.
  • Filing a return to declare an entity was dormant with the Commercial Register is free of charge.
  • The exemption for filing is not an exemption from the requirement to prepare annual financial statements and keep records of them.
  • The company director and the chief accountant that has prepared the annual financial statements can sign them with their digital signatures.
  • The certified public accountant that conducted the audit of the annual financial statements for the year ended 31.12.2019 can sign them with a digital signature.
  • The Financial Audit Report on the annual financial statements can NOT be signed with a digital signature.
  • Certified public accountants are required to publish their transparency report for the financial year 2019 by 31 July 2020.
  • Audit committees are required to submit their 2019 Annual Reports by 30.09.2020
Publication author:

Donika Marinova

Managing partner Financial audit

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