Amendment to the Accounting Act from June 1, 2025

On April 16, 2025, the National Council of the Slovak Republic approved an amendment to the Act on Non-Profit Organizations Providing Generally Beneficial Services (hereinafter referred to as Act No. 109/2025 Coll.).

In this context, Act No. 109/2025 Coll. also amended and supplemented Act No. 431/2002 Coll. on Accounting (hereinafter referred to as the Accounting Act).

The changes to the Accounting Act relate to the new transparency statement for accounting entities that are not established or founded for business purposes and are now required to prepare this statement.

Obligation to publish the statement and its filing in the register

The transparency statement must be filed in the register of financial statements by July 15 of the calendar year in which the obligation to prepare the statement arises. The transparency statement will be prepared for the first time for the period from June 1, 2025 to December 31, 2025.

In connection with the obligation to file the transparency statement in the register of financial statements, Section 23(2) of the Accounting Act was supplemented to include this statement, specifying which documents must be filed in the register of financial statements.

Verification of the statement’s accuracy

At the same time, Section 23b(1) of the Accounting Act was amended, according to which the Financial Directorate of the Slovak Republic will verify whether the transparency statement contains the completed general particulars pursuant to Section 17(2)(a) and (b) of the Accounting Act, i.e., it will check whether the transparency statement contains correctly completed:

• business name or name of the accounting entity,
• registered office of the legal entity,
• identification number, if assigned to the accounting entity.

The Accounting Act cames into effect on June 1, 2025.