Financial statements from Macedonia

Schmidt & Schmidt offers financial statements from North Macedonia in electronic form and their translations into English.

According to law, most companies in North Macedonia must submit annual financial statements. These data are reported in electronic form to the site of the central registry or in paper to its offices. Depending on the company’s size the law requires different amounts of data to be published.

Reporting of financial statements in North Macedonia is subject to the Accounting Act and other regulations.

Accounting standards in North Macedonia are based on the IFRS.

The use of the IFRS is mandatory not only for companies participating in stock exchange, but also for all large and medium-sized companies as well as for some categories of small companies.

Mandatory financial statements in North Macedonia are submitted to the central registry.

Compiling and reporting standard financial statements is required for all non-financial companies of North Macedonia. Financial and insurance companies file their financial statements using a special form.

Financial statements must be filed until the 15th March of the following year.

Full financial statement includes:

• Balance sheet
• Profit and loss report
• Income structure statement
• Notes
• Auditor’s report

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.

Financial statements are provided upon request which must state the reasons for the inquiry.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

To obtain financial statements of a specific company, its full name and registration number are required.

Financial statements are provided in accordance with the North Macedonian legislation and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.