Amendments to the Commercial Code and the Act on Accounting in October 2019
On 22 October 2019, the National Council of the Slovak Republic approved an amendment to Act No. 513/1991 Coll. Commercial Code as amended (hereafter referred to as the “Commercial Code”) and related changes to many other laws, including, inter alia, Act No. 431/2002 Coll. on Accounting as amended (hereafter referred to as the “Act on Accounting”), by means of Act No. 390/2019 Coll.
Some of these changes will enter into force on 1 January 2020; others on 1 October 2020.
According to the Explanatory Statement regarding these amendments, the purpose of these changes is primarily as follows:
© 2020 KPMG Slovensko spol. s r.o., a Slovak limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.