ACCOUNTING
- Preparation of the annual financial statements for 2021
Financial Statement should be submitted by March 31st 2022, (Article 45 of the Accounting Regulations from September 29, 1994 (Journal of Laws of 2021, item 2106)).* It includes the balance sheet, profit and loss statement and additional information, as well as a statement of changes in equity (capital) and a cash flow statement, if it is to be audited by a statutory auditor.
- Preparation of the management report for 2021
This should be submitted not later than within 3 months from the balance sheet date (Article 49 of the Accounting Regulations of September 29, 1994 (Journal of Laws of 2021, item 2106). Report should include key information about financial situation of a firm as well as an indication of risk factors and a description of such potential risks. This obligation applies in particular to commercial companies, limited joint-stock partnerships, some general partnerships and limited partnerships;*
- Annual General Meeting (AGM)
At the latest 15 days before the annual general meeting of shareholders or the general meeting of members or representatives of cooperative members, the financial statements for 2021 and the management activity report should be made available (Art. 68 of the Accounting Act). This obligation applies to, inter alia, limited liability companies and joint-stock companies, the report should be made available to partners, shareholders and members of the management board, respectively.
- Approval of the financial statements for 2021
The deadline is set – no later than 6 months from the balance sheet date, ie until June 30, 2022. Approval of the annual financial statements is done at AGM by the shareholders.
- The submission of the annual financial statements
Along with other required documents to the appropriate commercial court register should take place within 15 days from the date of approval of the annual financial statements (Article 69 (1) and (2) of the Accounting Act).
* It is prepared in an electronic format in Poland and requires a qualified electronic signature, of each management board member.
HRP
- Annual payroll tax filing
Sending PIT 11 and PIT 4R to the tax office. Employers are required to submit completed declarations in electronic form to the Tax Office in accordance with the regulations until January 31, 2022.
- Annual Information to Employees
Information should be provided to employees until January 31, 2022 about not creating the social employee fund at the company and decision not to provide cash compensation for unused holidays. Please be advised that in accordance with the Polish regulations on the social employee fund [Journal of 2018, item 1316], employers employing fewer than 50 full-time employees as of January 1st of a given year, are not required to establish a social employee fund.
- Accident Insurance premiums at Social Security (ZUS)
The deadline for submitting to ZUS the data for determining the accident insurance premium expires on February 1, 2022. The amount of accident insurance contributions Employer will be paying from April 2021 to March 2022 depends on this data disclosed on form ZUS IWA.
- Additional Annual Information to Employees
Annual wage statement – PIT 11 for 2021 should be transferred to employees latest by February 28th 2022.
Authors: Andrew Davis, Marta Ciesielska, Anna Sieracka, Dajana Skutela,
Monika Bień, Patrycja Staroń, Karolina Kot-Ciosek, Justyna Krasoń
