Financial Reporting. The deadline is approaching

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As the deadline for submitting annual financial statements draws near, our BPO experts kindly remind that legal entities with a financial year aligned with the calendar year must submit their reports to the Center of Registers by May 30.

Just would like to draw your attention that failing to submit on time − or submitting with significant delays − can seriously impact your organization’s reputation and reliability.

Potential consequences may include:

  • ​Ineligibility for state funding
  • Exclusion from public procurement procedures
  • Being liquidated at the initiative of the Center of Registers
  • Financial penalties (First violation: EUR 600– EUR 1,400; Repeated: EUR 2,000–EUR 6,000)

Do not risk unnecessary consequences − make sure your financial statements are submitted on time and in order!​​​​

Contact

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Yulia Shershneva

Head of BPO Department

+370 5 212 35 90

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