In December 2021, we already informed you about the new option for publishing financial statements, which was brought into Act no. 563/1991 Coll., on Accounting, by its amendment. With effect from 1 January 2021, it is possible for accounting units, which are business corporations and which do not submit their financial statements to the collection of documents of the public register through the Czech National Bank, to use a new method of publishing their financial statements, namely through the relevant tax administrator in the form of filing as part of the corporate income tax return. The tax administrator will thus forward the financial statements contained in the tax return to the competent registry court instead of the accounting entity. This act may be performed by the entity in the form of filling in a special annex to the tax return form.

You can find more information, including compliance and assumption/non-assumption of liability by the tax authority, on the website of the Financial Administration.