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Amendment of the Accounting Procedures (Deferred Taxes, Construction Contracts and more)

The Finance Ministry of the Slovak Republic adopted on 13 December 2010 Decree No. MF/25822/2010-74 amending the Accounting Procedures for Entrepreneurs Maintaining Accounts under the System of Double Entry Bookkeeping. This Decree implements various significant changes of accounting procedures. Changes relating to deferred taxes accounting became effective on 31 December 2010 and changes relating to Construction contracts, Investment property, Concessions in the books of Provider and Insurance of the property used in operations became effective on 1 January 2011.

 

More info (in Slovak only):

http://www.finance.gov.sk/Documents/1_Adresar_redaktorov/capkovicova/FS_12_2010.pdf  

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