This year’s deadlines for preparing, approving and submitting financial statements, including consolidated statements on March 17, 2022, under the regulation of the Ministry of Finance, have been extended by 3 months. This means that financial statements can be prepared until 30 June 2022 and approved until 30 September 2022.

The extension of deadlines falling in 2022 for, among others, preparing, approving and submitting financial statements for 2021 applies to:
·  private sector entities (excluding entities supervised by KNF – operating in the financial market) and non-governmental organizations – by 3 months;
·  public finance sector entities – by 1 month;
·  personal income taxpayers keeping accounting books (within the scope of submission of the financial statement to the Head of KAS) – by 3 months.

Financial statements must be prepared in Polish and in Polish currency. It consists of a balance sheet, profit and loss account and additional information. Financial statements must be accompanied by:
·  a resolution approving these documents;
·  a report on operations (if required);
·  a resolution on profit distribution or loss coverage;
·  auditor’s opinion/report (if the financial statements were audited).

All financial statements with the required documents shall be prepared electronically, with the financial documents bearing an electronic signature (ePUAP or qualified signature).

NOTE!
As of January 1, 2022, it is no longer required that the financial statements be signed by the entire board of directors. In case of a multi-member body representing the company, the FS may be approved with an electronic signature by one of the board members, while the others will put their signatures on the statement of compliance of the FS. The statement is a mandatory element of the FS.

With our experts, we are ready to help you meet the deadline for filing the financial statements. Contact our experts today to find out how we can help you with the above issue.

Author: Monika Bień, Patrycja Staroń