Decree No. 476 / 2003 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 principal activity is not business if they are accounting in the system of double accounting
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01.01.2004
31.12.2003
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476
DECLARATION
of 17 December 2003
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 account in the double accounting system
The Ministry of Finance provides, pursuant to § 37b, for the implementation of § 4 paragraphs 8, § 24 paragraphs 4 and 5 and § 28 paragraph 1 of Act No. 563 / 1991 Coll., on Accounting, as amended by Act No. 437 / 2003 Coll., hereinafter referred to as "the Act":
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 double accounting system, is amended as follows:
1.
This decree provides for full accounting and simplified accounting
(a) the extent and method of drawing up the accounts;
(b) the layout, labelling and content of the items of assets and other assets, liabilities and other liabilities in the accounts;
(c) the organisation, labelling and content of costs and revenues and the outcome of the financial statements;
(d) the layout and content of the explanatory and supplementary information in the Annex to the accounts;
(e) the indicative chart of accounts;
(f) accounting methods;
(g) a method of transition from simple accounting to accounting. "
2. § 2, including footnotes 1) to 11a) reads as follows:
(1) The Decree concerns entities for which the main activity is not an enterprise referred to in § 1 (2) (a) and (b) of the Act and which are subject to specific legislation. the following entities are in particular:
(a) political parties and political movements, 1)
(b) civil associations, 2)
(c) churches and religious societies, 3)
(d) community service, 4)
(e) interest associations of legal persons, 5)
(f) international organisations, 6)
(g) Foundation and Foundation Funds, 7)
(h) community of unit owners, 8)
(i) public HEIs 9); and
(j) other entities that have not been set up and set up for business purposes, 10) with the exception of trading companies ("entities").
(2) This decree does not apply to entities whose accounts are governed by specific legislation. 11)
(3) Entities that keep accounts to a simplified extent,
(a) consist of adjustments and provisions only under special legislation, 11a)
(b) they do not measure assets and liabilities at fair value under Paragraph 27 of the Act and do not apply the provisions of Sections 15, 18, 24, 30, 34, 35, 36, 41, 42 and 43 of the Act to the extent that they regulate the valuation of assets and liabilities at fair value;
(c) draw up the accounts in a simplified manner.
1) Act No. 424 / 1991 Coll., on association in political parties and political movements, as amended.
2) Act No. 83 / 1990 Coll., on the association of citizens, as amended.
3) Act No. 3 / 2002 Coll., on freedom of religion and the status of churches and religious societies and on the amendment of certain laws (Act on churches and religious societies), as amended.
4) Act No. 248 / 1995 Coll., on public utility companies and amending and supplementing certain laws, as amended.
5) § 20f et seq. of Act No. 40 / 1964 Coll., Civil Code, as amended.
6) Act No. 116 / 1985 Coll., on the terms and conditions of the international organisation in the Czechoslovak Socialist Republic, as amended.
7) Act No. 227 / 1997 Coll., on Foundation and Foundation Funds and amending and supplementing related laws (Law on Foundation and Foundation Funds), as amended.
8) Act No. 72 / 1994 Coll., which regulates certain joint ownership relations with buildings and certain ownership relations with apartments and non-residential premises and complements certain laws (the Housing Act), as amended.
9) Act No. 111 / 1998 Coll., on higher education institutions and amending and supplementing other laws (Act on higher education), as amended.
10) For example, Act No. 483 / 1991 Coll., on Czech Television, as amended, Act No. 484 / 1991 Coll., on Czech Radio, as amended, Act No. 358 / 1992 Coll., on notaries and their activities (notarial order), as amended, Act No. 523 / 1992 Coll., on Tax Advice and Chamber of Tax Advisers of the Czech Republic, Act No. 220 / 1992 Coll., Act No. 254 / 2000 Coll., on the occupation of authorized architects and engineers, as amended, Act No. 85 / 1996 Coll., Act No. 381 / 1991 Coll., as amended, Act No. 360 / 1992 Coll.
11) For example, Decree No. 505 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are local authorities, contributory organisations, state funds and organisational elements of the State.
11a) For example, Act No. 593 / 1992 Coll., on provisions for determining the income tax base, as amended. '
3. In the heading of Part Two, the words "Paragraph 18 (4) 'are replaced by the words" Paragraph 4 (8)'.
4. In Part Two, Title I, "SCOPE AND METHOD OF ACCOUNTING ACCOUNTS '.
5. In Article 3, the following paragraph 5 is added:
"(5) Entities shall draw up financial statements in full or in a simplified manner in accordance with Section 18 (3) of the Act. The simplified scope shall be understood as the balance sheet (balance sheet) within the scope of Section 5 (4), the profit and loss account within the scope of Section 6 (3) and the Annex to the financial statements within the scope of Section 30. ';
6. In the second sentence of Article 4 (3), the word "thousands' shall be inserted after the words" reported in '.
7. In Paragraph 4 (4), the first sentence is replaced by the following: "Entities that commence operations shall draw up an opening balance sheet. Entities that enter into liquidation in the current accounting year and entities whose assets are declared bankrupt in the current accounting year shall complete the financial statements in full on the date of entry into liquidation or on the date of bankruptcy. ';
8. In Article 5, the following paragraph 4 is added:
"(4) The balance sheet (balance sheet) to a simplified extent covers only items marked in capital letters with Latin alphabet and Roman numerals, if one balance sheet item contains several accounting groups and there are several group accounts within the group, then the balance sheet item will be the sum of the sum of the respective accounting groups."
9. In Paragraph 6 (1), at the end of the first sentence, the dot is changed into a comma and the words "divided into main activities and economic activities' are inserted.
10. in Paragraph 6 (1), the second sentence is replaced by the following: "The result of the pre-tax and post-tax management shall be indicated separately for the principal activity and separately for the economic activity. For the entity as a whole, partial results shall be summed up. ';
11. in Paragraph 6 (2):
"(2) The profit and loss account in the simplified range covers only items marked in capital letters of the Latin alphabet and Roman numerals. The sum of the individual cost and revenue items shall be the sum of the group accounts within the accounting groups as set out in Annex 2. ';
12. in Article 6, paragraph 3 is deleted;
Paragraph 4 shall become paragraph 3.
13. in Paragraph 7 (2), in the introductory part of the text, the words "in valuation" are deleted.
14. in Paragraph 7 (2), in the introductory part of the text, the words "special legislation," shall be replaced by the words "Income Tax Act (hereinafter referred to as" technical evaluation ")," ';
15. in Article 7 (2) (c):
"(c) small intangible assets, which are the components of assets listed in paragraph 1, if they have a useful life of more than one year and are not recognised under" A.I. Long-term intangible assets in total. "'
16. in Article 7 (3), the words "to be traded" shall be replaced by the words "and to be traded";
17. in Article 7 (3), the word "were" shall be inserted after the words "or" shall be inserted. "
18. in Paragraph 7 (4):
"(4) Item" A.I.3. Valuable rights' includes, in particular, valuable rights to industrial and similar property, the results of intellectual creative activities and other valuable rights under specific legislation. '
19. in Article 7 (7), the last sentence is deleted;
20. in the second sentence of Article 8 (4) (b), the word "not mentioned" shall be replaced by "not reported."
21. In Paragraph 8 (4), point (a) shall be renumbered (b) and point (b) shall be renumbered (a).
22. in Paragraph 8 (5), the words "if an entity has the right to charge and write it off and contains a technical assessment" shall be inserted after the words "on income taxes."
23. in Paragraph 8 (5), point (a) is deleted;
Points (b) and (c) shall become points (a) and (b).
24. in Article 8 (5) (b), the semicolon is replaced by a dot and the words after the semicolon are deleted;
25. In Article 8, at the end of paragraph 12, the sentence "This provision shall not apply in the case of acquired goods which have been put into a state of use before being acquired and do not require assembly with the acquirer."
26. In Paragraph 9 (1), in the introductory part of the text, the words "or in cases where an entity has an intention of holding to maturity, purchased or owned for the purpose 'are replaced by" or assets to maturity purchased or owned by the entity for the purpose'.
27. in Article 9 (4), the last sentence is deleted;
28. In Paragraph 10, the words "consist of accumulated depreciation of long-term intangible and tangible assets from the date of the commencement of depreciation up to the amount of the valuation of such assets' are replaced by the words" express the use of the relevant assets in a financial statement which reduces the valuation of the assets concerned up to the amount of their valuation in accounting while entering the entity's costs by depreciation '.
29. in Article 11 (1), point (f) is deleted;
Point (g) shall be renumbered as point (f).
30. Paragraph 11 (1) (f) reads as follows:
"(f) other movable goods with a period of validity of up to one year, kept as material."
31. in Article 11 (2), "supplier" is replaced by "supplier."
32. In the last sentence of Paragraph 11 (7), "buying for sale ', the comma is changed to a dot and the remainder is deleted.
33.In Article 11 (8), the word "supplier" is replaced by the word "supplier."
34. in § 12, the title is: "Claims on commercial obligations."
35. in the first sentence of Article 12 (1), the words "obligations to customers resulting from trade" shall be replaced by the words "supplies and services to customers resulting from commercial obligations."
36. in the first sentence of Paragraph 12 (4), the words "claims on" shall be deleted.
37. in the first sentence of Paragraph 12 (4), the words "in trade" are replaced by the words "resulting from commercial obligations."
38. In Paragraph 12 (5), the words "trade 'are replaced by the words" commercial obligations'.
39. in Paragraph 13 (1), the words "advance payments on behalf of employers," shall be deleted;
40. in Article 14 (5), the words "as defined in Article 27 (7)" shall be deleted;
41.Paragraph 15 (1) reads as follows:
"(1) Heading" B.II.14 Claims on participants in an association "includes both short and long-term claims arising from the activity of an entity in an association that does not have legal personality, under a contract concluded under civil law 19) to other participants in that association. '
42. In Paragraph 15 (3), the word "issued" is replaced by "issued."
43. In Paragraph 16 (1), the last sentence is deleted.
44. in Paragraph 16 (2):
"(2) The item" B.III.2. Prices "includes the status of stamps, stamps, motorway coupons, cards (petrol, telephone), which represent a certain asset value with a drawing limit, from which, after being issued into use, the status of food stamps to public catering establishments and the status of other vouchers and cards having the nature of the price."
45. in the first sentence of Paragraph 16 (3), the word "available" shall be inserted after the word "contains."
46. In Article 16, at the end of paragraph 5, the sentence "Debt securities held-to-maturity are also included in this item where maturity is less than one year."
47. in the third sentence of Article 18 (1), the words "as defined in Article 27 (7)" shall be deleted.
48. In the fourth sentence of Paragraph 18 (1), the words "and the value of the stocks purchased free of charge 'are deleted.
49. In the third sentence of Paragraph 18 (2), the words "instruments of incorporation 'shall be inserted after the words" instruments of incorporation'.
50. In the first sentence of Paragraph 18 (3), the word "financial 'shall be inserted after the words" revaluation'.
51.
The entry "B.I.1. Provisions' contains provisions under specific legislation. 22)."
52. In Paragraph 20 (2), the word "Issued" is replaced by "Issued," the word "Issued" is replaced by "Issued," the words "Issued by the issuer." is deleted and after the words "entity" is changed to a dot.
53. In the second sentence of Article 20 (5), the words "or notes having the character of securities' shall be deleted.
54. In Section 21, the words "trade 'are replaced by" commercial obligations'.
55. in Paragraph 21 (1), the words "trade" are replaced by the words "commercial obligations."
56. In Article 21 (3), the words "trade 'are replaced by the words" commercial obligations'.
57. in Paragraph 21 (4), the word "contacts" shall be replaced by "obligations."
58. In the second sentence of Article 23 (5), the word 'funds' is replaced by 'subsidies' and the rest of the sentence is deleted.
59. In Paragraph 24 (7), the word "Issued 'is replaced by the word" Issued'; the word "Issued 'is replaced by the word" issued'; the comma after the words "entity 'is changed to a dot; and the words" that is an issuer' are deleted.
60. In Paragraph 24 (8), the word "issued 'is replaced by" issued'.
61. in Paragraph 24 (9), the word "established" shall be inserted after the word "commitments."
62. In Article 24 (10), the words "including notes' shall be inserted after the words" papers'.
63.
(1) Item "B.IV.1. The expenditure to be incurred in the coming years' contains costs relating to the current accounting period but payments have not yet been made. This is a passive account with additions charged to its benefit.
(2) Heading "B.IV.2 The revenue of future periods" includes payments that are received in the current accounting year, the corresponding performance will be realised only in the following period. That account is passive, revenues are charged to its benefit.
(3) Item "B.IV.3. The exchange rate differences are passive 'at the date of the drawing up of the financial statements, which are found to be of a passive nature arising from the conversion of the values of long-term financial assets, claims and liabilities in foreign currencies, including fixed-term deposits, loans and short-term financial assistance.
(4) The item "Total liabilities" contains the aggregate value of liabilities. "
64. in Article 26 (1) (a):
"(a) the item" A.I.1. Material consumption "shall include the cost of the material consumption, including the assets charged as stocks and removals of material, in the standard of natural losses, for example due to drying, dusting and spilling,"
65. In Paragraph 26 (1) (c), the words "e.g. the supply of water or compressed air for technological purposes" shall be inserted after the words "to the consumption of other non-storage supplies."
66.Paragraph 26 (2) reads as follows:
"(2) Purchased services
(a) entry "A.II.5. Repair and maintenance" includes the cost of repair and maintenance of assets for which an entity has a right of ownership or other right to property and is required to charge it under Paragraph 28 of the Act,
(b) entry "A.II.6. Travel expenses" shall include travel expenses under special legislation, 23)
(c) entry "A.II.7. Representation costs' includes representation costs, such as entertainment, gifts and similar transactions,
(d) entry "A.II.8. Other services' include costs for other services purchased which are not included under profit and loss account item" A.II.5. Repair and maintenance ', "A.II.6. Travel' and" A.II.7. Representation costs'; it also includes the purchase price of the purchased intangible small assets held in use in the entity. This price is not quoted as an asset item in the balance sheet. '
67. In Article 26 (3) (a), the words "all," "before tax," "at the price of the normal place and time," "before tax," shall be deleted.
68. in Paragraph 26 (3) (b), the words "the employer must" are replaced by the words "the entity must."
69. in Paragraph 26 (3) (c), the words "voluntary pension provision" are replaced by the words "performance under voluntary pension contracts."
70. in Paragraph 26 (3) (e), the word 'in particular' is replaced by 'for example';
71. in Paragraph 26 of the title of paragraph 4: "Taxes and charges."
72. in Article 26 (4) (a), the words "for the financial year at the balance sheet date," shall be replaced by the words "under the Road Tax Act,"
73.In Article 26 (4) (b), the word "paid" shall be deleted and the words "property tax," shall be inserted after the words "due under the Real Estate Tax Act."
74. In Article 26 (4) (c), in all sentences, the words "costs of" shall be deleted, in the sentence after the semicolon, the words "(inheritance, donation, real estate transfer tax) shall be inserted after the words" other taxes. "
75. in Article 26 (5) (a), the words "whether or not they have been paid, the costs of the contractual fines and interest on late payments" shall be replaced by "contractual fines and interest on late payments";
76. In Article 26 (5) (b), the words "whether or not they have been paid, the costs of the other fines and periodic penalty payments due" shall be replaced by the words "other fines and periodic penalty payments not subject to tax."
77.In Article 26 (5) (d), the words "payment obligations' shall be deleted.
78.In Paragraph 26 (5) (d), the second sentence is deleted.
79.In Article 26 (5) (e), the words "costs' are deleted.
80.In Article 26 (5) (f), the words "costs' are deleted.
81. in Paragraph 26 (5) (g), the words "costs" shall be deleted;
82. in Article 26 (6) (c), the words "the cost of the loss of securities and shares on sale" shall be replaced by the words "securities and shares sold."
83. In Paragraph 26 (6) (d), the words "for the material loss due to the sale in the valuation laid down by law," shall be replaced by the words "arising from the disposal of assets."
84. in Article 26 (7) (a):
'(a) entry "A.VII.31 The contributions provided, settled between the organisational components," shall include financial contributions intended for its own organisational units for operations, where they are accounting units, within the main activity defined by the relevant instrument of incorporation,'.
85. in Paragraph 26 (7) (b), the words "costs" shall be deleted;
86. In Paragraph 26 (8), the words "cost of 'and" in particular' shall be deleted after the words "cost of 'are deleted.
87.In Paragraph 26 (9), the words "the cost of the amount of tax due 'are replaced by the words" tax due' and the words "established 'are replaced by the words" found'.
88. In the first sentence of Paragraph 26 (10), the words "when an entity is formed 'are inserted after the words" in the first financial year'.
(89) In Paragraph 26 (11), the word "costs" is replaced by "total costs."
90. in Paragraph 27 (1) (a), "revenue from sales" is replaced by "sales."
91. in Article 27 (1) (b), the words "revenue from sales" shall be replaced by "sales."
92.In Paragraph 27 (1) (c), the words "revenue from sales" are replaced by the words "sales."
93.In Article 27 (2) (a), the words "revenue or, where appropriate, a reduction in the revenue from the change 'are replaced by the words" increase or, where appropriate, reduction'.
94.In Paragraph 27 (2) (b), the words "revenue or, where appropriate, reduction of the revenue from the change 'are replaced by the words" increase or reduction, as the case may be'.
95.In Article 27 (2) (c), the words "revenue or, where appropriate, reduction of the revenue from the change 'are replaced by the words" increase or reduction, as the case may be'.
(96) In Article 27 (2) (d), the words "revenue or, where appropriate, reduction of the revenue from the change" shall be replaced by the words "increase or reduction";
97. In Article 27 (4) (a), the words "whether or not they have been or have not been paid, in particular the proceeds of claims for" cancellation and "include contractual fines and interest on late payments," shall be inserted after the words "tax deductible."
98.Paragraph 27 (4) (b) reads as follows:
"(b) under" B.IV.13. Other fines and periodic penalty payments' include fines and periodic penalty payments which are not included under "B.IV. 12. Contract fines and interest on late payments" ';
99. In Paragraph 27 (4) (c), the words "income from payments" are replaced by the words "remuneration from" and "income from" are replaced by the words "payment for."
10. in Article 27 (4) (d):
"(d)" B.IV.15. Interest "shall include interest received from the bank and other debtors and similar transactions; in the case of interest which is taxed under a special legislation at a specific tax rate and the withholding tax may be included in the total tax liability, the pre-tax interest shall be entered, that is in gross, in other cases the post-tax interest shall be entered, that is net, ';
101. In Paragraph 27 (4) (e), the words "revenue from exchange differences arising" are replaced by "exchange differences arising."
102. In Paragraph 27 (4) (g), the words "proceeds of entitlement to compensation 'are replaced by the words" refunds'.
103. In Paragraph 27 (5) (a), the words "revenue from sales" shall be replaced by the words "sales" and "as well" shall be deleted;
104. In Paragraph 27 (5) (b), the word "revenue 'is replaced by" revenue'.
105. In Paragraph 27 (5) (c), the words "income amounts' are replaced by the words" revenue '.
106. In Article 27 (6) (a), the words "revenue from contributions actually received 'are replaced by the words" contributions received' and the words "or founding contributions' are inserted after the words" establishment '.
107. Paragraph 27 (6) (b) reads as follows:
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Regulation Information
| Citation | Decree No. 476 / 2003 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 account in the double-entry accounting system |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 31.12.2003 |
|---|---|
| Effective from | 01.01.2004 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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