Applicable legal framework:
The Annual Financial Report for 2024 is prepared and submitted in accordance with the Accounting Law, which defines the scope of the report, forms, and submission methods. There are no significant changes from the previous year, and there have been no key amendments to the bylaws.
Changes in regulations and MSFI:
At the end of 2024, the Ministry of Finance issued an amendment to the Regulation on the conditions and method of public disclosure of financial statements, which comes into effect on January 1st, 2025. However, these changes are technical and do not significantly affect the obligations of entities.
As for MSFI (International financial reporting standards), the translations established in the October 2020 resolution continue to apply, with no new editions issued in the past four years, so there have been no changes in the application of MSFI.
Public disclosure and submission of reports:
The submission and public disclosure of financial statements for 2024 will follow existing procedures. For detailed explanations, readers are referred to the previous issue of the “Taxes and accounting” magazine, no. 2/23. Additionally, the Business registers agency announced on January 31st, 2025, that a new application for preparing and submitting reports for 2024 has been launched. The agency’s website has been updated with user guides, technical guidelines, and instructions for payment.
Changes in the submission process for 2024 reports:
- Automatic generation of “Statement of inactivity”: The system now automatically generates a document ready for signature by the legal representative.
- Increased fee for processing and publication: The fee has been adjusted according to the consumer price index.
- Publication of responsible person data: For all entities defined by law, information about the person responsible for preparing the report will be published, with the option to update this information later.
Contact information for agency assistance:
• obveznicifi@apr.gov.rs – for inquiries regarding data updates in the registry.
• sd@apr.gov.rs – for technical questions related to accessing the agency’s information system.
• finizvestaji@apr.gov.rs – for questions regarding submissions and financial reports.
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