Schmidt & Schmidt offers financial statements from Czech Republic in electronic form and their translations into English. According to law, most Czech companies must submit annual financial statements. These data are reported in electronic form or in paper. Depending on the company’s legal form, size, and nature of business, the law requires different amounts of data to be published. Reporting of financial statements in the Czech Republic is subject to the Accounting Act and other regulations. Accounting standards in the Czech Republic are based on the IFRS. Financial statements in the Czech Republic are filed to the trade register (Obchodní rejstřík) annually. The common deadline for submitting a financial statement is the 31st March of the following year, but in some cases it can be extended.

Filing of financial statements is mandatory for:

Companies
Foreign companies conducting business in the Czech Republic
Sole proprietors subject to VAT payments, whose annual revenue exceeds 25 million CZK
Individuals who voluntarily keep standardized records

Full annual financial statement includes:

Balance sheet
Profit and loss report
Cash flow statement
Equity statement
Annexes

Small and micro-sized enterprises file their statements using a simplified procedure – without cash flow statement and equity statement.

Financial audit is mandatory for:

Large-scale enterprises
Medium-sized enterprises
Small-sized enterprises in form of limited companies or trust funds with active assets worth more than 40 million crowns, annual revenue over 80 million crowns, average number of employees over 50 (at least one fulfilled condition is sufficient)

Example of a financial statement from the Czech Republic in the Czech language. 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 by the trade register and can be obtained upon personal request or using a special online service. 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 enterprise, its full name and registration number are required. Financial statements from the trade register are public. Financial statements are provided in accordance with the Czech 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.

Service	Price incl. German VAT 19%	Price excl. VAT
Price for a financial statement from Czech Republic	from 23,80 €	from 20,00 €
Price for the translation of a financial statement from Czech Republic	from 41,65 €	from 35,00 €