New obligations set by the Accounting Act
On 1 June 2025 Act No. 109/2025, which amends Act No. 213/1997 Coll. on Non-profit Organizations Providing Services of General Benefit, as amended, and which amends and supplements certain acts, entered into force.
Obligation to deposit a transparency statement
The Act introduced the obligation to submit a transparency statement in the register of financial statements for the following entities once certain conditions have been met:
- organisations with an international component,
- civic associations,
- non-investment funds,
- non-profit organisations,
- foundations.
Content of the transparency statement
The new statement will include, among other things, a summary of income and expenditure and information on certain donors, including the amount of their donations. The Ministry of Finance of the Slovak Republic shall establish the statement template by means of a measure.
Important deadlines
The above-mentioned entities that are not established or set up for the purpose of business will prepare the transparency statement by 30 June 2026 and submit it by 15 July 2026 for the period from 1 June 2025 to 31 December 2025.
