Amendment to the Accounting Act Introduces a Temporary Exemption from Sustainability Reporting
The amendment to the Accounting Act, effective from 1 June 2026, introduces a transitional provision that temporarily exempts selected accounting entities from the obligation to disclose sustainability information in their annual report.
New Section 39zg Transposes an EU Directive
Pursuant to Act No. 85/2026 Coll., Accounting Act No 431/2002 Coll Accounting Act No. 431/2002 Coll. was amended by introducing a new Section 39zg, which transposes Directive (EU) 2026/470 of the European Parliament and of the Council.
The provision stipulates that the obligation to disclose sustainability information pursuant to Section 20c or Section 20g shall not apply to annual reports filed after 31 May 2026, in respect of accounting periods commencing on or after 1 January 2025 and ending on or before 31 December 2026, provided that the accounting entity does not exceed the prescribed size criteria.
Size Criteria for the Application of the Exemption
The exemption applies to accounting entities whose net turnover as of the date of preparation of the financial statements did not exceed EUR 450 million, or whose average recalculated number of employees during the accounting period did not exceed 1,000.
Assessment of the Conditions at the Consolidated Level
In the case of parent accounting entities, these conditions are assessed at the consolidated level after taking consolidation adjustments into account.
Temporary Narrowing of the Scope of Entities Subject to Reporting Obligations
Zavedené prechodné ustanovenie predstavuje dočasné zúženie okruhu subjektov, na ktoré sa vzťahujú požiadavky na vykazovanie informácií o udržateľnosti.
In practice, this results in a postponement of this obligation for companies that do not meet the specified thresholds, while after the expiry of the transitional period, the scope of obligations will again be assessed in accordance with the general provisions of the Accounting Act.
