Comptabilitat a Polònia

Accounting Rules

Tax Year

Taxpayers are allowed to choose a calendar year (1 Jan to 31 Dec of the same year) or another 12-month period.

Accounting Standards

All companies listed on the Warsaw stock exchange must prepare their consolidated financial statements in accordance with IFRS.
All accounting documentation, records and reports must be prepared in the Polish language and Polish currency. Companies must apply the accounting principles specified in the Accounting Act to ensure a true and fair presentation of their economic and financial position, as well as their financial results. The basic accounting framework for SMEs is defined by the Accounting Act.

Accounting Regulation Bodies

Polish Accounting Standards Committee (KSR)

Accounting Reports

Companies are bound to draw up a balance sheet, a profit and loss account and notes. The accounts must be published in Polish, the unit of currency being the Zloty. Companies subject to audit must also prepare a statement of cash flows and a statement of changes in equity. Limited liability companies and companies listed on the Stock Exchange must also prepare a management report. Reports must be filed annually.

Publication Requirements

Listed companies must prepare quarterly accounts (in a simplified form) and six-monthly accounts as well as consolidated accounts.
The accounts must be sent to the Court Register or to the Committee for Stock Exchange Operations (Komisja Nadzoru Finansowego) for listed companies. Audited companies must also send their accounts to the commercial gazette (Monitor Polski B).

Professional Accountancy Bodies

PIBR , The National Chamber of Statutory Auditors
AAP , The Accountants Association in Poland (AAP)

Certification and Auditing

Companies have to seek a statutory auditor to conduct an annual audit of the financial health of their organization. You can contact the National Chamber of Auditors (PIBR).

Accounting News