The new Accounting Act has been published in the Official Gazette, No. 85/24, on July 19, 2024, and it comes into effect on July 27, 2024. On the date the new Act becomes effective, the existing Accounting Act (Official Gazette, No. 78/15, 134/15, 120/16, 116/18, 42/20, 47/20, 114/22, and 82/23) ceases to apply.
The Draft Act on the Amendments to the Accounting Act translates the provisions of the EU Directive 2021/2101, which aims to increase transparency and public oversight of information on corporate income tax submitted by enterprises that operate in the territory of several member states and whose income exceeds EUR 750 million.