The Accounting Act (Official gazzette n. 109/07) defines the taxpayers of external reporting in the Republic of Croatia, which means taxpayers and the public announcement taxpayers filing of annual financial statements (GFI's) for statistical and other purposes, in accordance with the Croatian Financial Reporting Standards. Exceptionally, large enterprises and entrepreneurs, whose shares or debt securities are listed or are in process of preparation for their listing on an organized securities market, are obliged to prepare and present annual financial statements using International Financial Reporting Standards.
Submission of annual financial statements to the Financial Agency (FINA) for statistical purposes includes the submission of:
• Balance sheet
• Profit and loss account
• Additional data for the previous year
while the delivery for public announcement includes the additional submission of:
• Annual financial statements
• Annual report
• Auditors' report (if the annual financial statements are subject to revision)
• Consolidated annual financial statements
The Accounting Act also prescribes the terms of surrender of annual financial statements and other documentation to the Financial Agency (FINA), as the entity responsible for managing the Registry annual reports. The Registry represents the central source of information on business performance and financial position of companies and individuals who are income taxpayers.
The annual financial statements can be submitted in paper and electronic form using all channels of communication. Entrepreneurs for which the annual financial statements' content and structure are prescribed by the Croatian National Bank or HANFA, submit them only in electronic form. The structure and content of annual financial statements are prescribed by the Rules and the Decision on the structure and content of annual financial statements, while the form and format for their submission, as well as for other documents, are prescribed by FINA.
The submission deadline of annual financial statements for 2009 for statistical and other purposes is the 31st of March, 2010, while the surrender for public announcement is prescribed until the 30th of June, 2010.
The documentation from the Register is public and available to all businesses and citizens.
Posted on June the 12th, 2011
