Abstract

The article raises an interesting issue of a significant disparity between the rules governing the submission of financial statements to registration files. On the one hand, the regulations require that only annual financial statements are to be submitted to registration files. On the other hand, the accounting and tax regulations in certain situations require that the books are to be closed and opened again in the same fiscal year, which implies the need to prepare more than one financial statement during one fiscal year. Being a financial statement, it should be submitted to registration files, which is, however, against the regulations concerning submission of annual financial statements only. In conclusion, the issue of sanctions for non-submission of financial statements to the registration court is addressed.