Zvýšení limitů pro kategorizaci účetních jednotek

Increase of limits for categorisation of accounting units

In December 2023, the amendment to the European Union Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of companies came into effect, which newly changes the limits for the categorisation of accounting units.

Member states are obliged to transpose the changes within 12 months from publication in the Official Journal of the European Union, so that the modified limits apply to accounting periods from 1 January 2024, or later. The Chamber of Auditors expects amendments to the current Accounting Act as well as amendments to the draft of a new Accounting Act.

The new limits for assets and net turnover within each category of accounting units will be increased by approximately 25%. The criterion of the average number of employees will remain unchanged.

An overview of the specific amounts of the new limits for each category of accounting units has been prepared by the Chamber of Auditors of the Czech Republic HERE.

Authors:

Lucie Říhová

Jana Kovářová