Approved Bills30/06/12 / cata_tax-news

The Parliament of the Czech Republic passed the amendment to the Accounting Act, which we discussed in Tax News No. 1/2012. The bill was later signed by the President of the Czech Republic on 26 June 2012.

The amendment includes, but is not limited to, provisions on the Ministry of Finance’s duty to administer and maintain the Central System of the State’s Accounting Information (CSSAI), to provide methodological support, to collect accounting data in electronic form, and to specify in greater detail the rules for inventory-taking.