The financial statements for 2019 must be submitted no later than March 31, 2020 under the new rules.
Recall, from January 1, 2020, financial statements must be submitted only to the tax authorities in electronic form via telecommunication channels through an electronic document management operator.
The relevant amendments to the law on accounting (dated December 6, 2011 No. 402-ФЗ) were introduced by the Federal Law dated November 28, 2018 No. 444-ФЗ. Obligatory copies of financial statements submitted by organizations constitute the state information resource of financial statements maintained by the Federal Tax Service.
At the same time, the requirement to submit financial statements to the statistics authority was eliminated.
Annual financial statements must be submitted no later than March 31 of the year following the reporting one. If the annual financial statements are subject to mandatory audit, the audit report is submitted together with such reports no later than 10 days from the day following the date of the audit report, but no later than December 31 of the year following the reporting one.
Moreover, a transitional period is provided for small businesses. In 2020, they can submit reports, both on paper and in electronic form, and since 2021 only in electronic form.