Decree No. 294 / 2014 Coll.
Decree amending Decree No. 504 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities for which the main activity is not business if they are accounting in the system of double accounting, as amended
Valid
Order
Effective from 01.01.2015
Text versions:
01.01.2015
16.12.2014
294
DECLARATION
of 8 December 2014
amending Decree No. 504 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities for which the principal object of the business is not business if they are accounting in the double accounting system, as amended
The Ministry of Finance provides pursuant to § 37b (1) of Act No. 563 / 1991 Coll., on Accounting, as amended by Act No. 437 / 2003 Coll. and Act No. 304 / 2008 Coll., for the implementation of § 4 (8) of this Act:
Decree No. 504 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities for which the main activity is not business if they are accounting in the system of double accounting, as amended by Decree No. 476 / 2003 Coll., Decree No. 548 / 2004 Coll., Decree No. 400 / 2005 Coll., Decree No. 471 / 2008 Coll. is amended as follows:
1. In Paragraph 8 (4) (b), the words "the entity's intention to implement a construction that meets the right of construction and is therefore not recognised as part of the valuation of the construction referred to in point (a) or as part of the valuation under item" B.I. Stocks "'are replaced by the words" stock under section 11 (7)'.
2. In Paragraph 32 (1), the comma at the end of point (k) is replaced by a dot and point (l) is deleted.
3. In Article 32, at the end of paragraph 2, the dot is replaced by a comma and the following point (f) is added:
"(f) in the case of land declared under item" A.II.1. Land ": the costs associated with the acquisition of fixed tangible assets referred to in paragraph 1, reported under item" A.II.3. Construction, "" A.II.5. Plant permanent crops "and" A.II.8. Other fixed assets "under Paragraph 8 (10) (a)."
4. Paragraph 32 (3) reads as follows:
"(3) In the case of the right of construction, the construction complying with the right of construction is not part of its valuation. When the acquisition of a building right valued at one amount of a part of the building is a construction which satisfies the right of construction established by another entity or by a person, the division of the valuation of the building right into the part corresponding to the construction right shall be carried out in accordance with the principle of materiality and faithful and fair representation of both parts of the building law. '
5. In Paragraph 32, paragraphs 9 to 12 are deleted.
6. Paragraph 38 (4) reads:
"(4) Construction complying with the construction law pursuant to Paragraph 32 (3) charged in separate accounts shall be written off separately."
Transitional provisions
1. The provisions of Decree No 504 / 2002 Coll., as effective from the date of entry into force of the Order, shall apply for the first time in the accounting year beginning on or after 1 January 2015, unless otherwise specified in point 2 below.
2. Paragraphs 8, 32 and 38 of Decree No. 504 / 2002 Coll., as effective from the date of entry into force of this Order, may be applied by entities already in the financial statements drawn up from 1 January 2015 for the financial years beginning in 2014.
Efficacy
This Decree shall enter into force on 1 January 2015.
Minister:
Ing. Babiš v. r.
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Regulation Information
| Citation | Decree No. 294 / 2014 Coll., amending Decree No. 504 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities for which the principal activity is not business if they are accounting in the dual accounting system, as amended |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 16.12.2014 |
|---|---|
| Effective from | 01.01.2015 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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