Financial reports only with electronic signature from now on

Financial reports for the previous year that are to be submitted to the Business Register Agency must bear mandatory electronic signature of the legal representative.

As Filip Karovic from Tomic, Sindjelic, Groza Law Office told us, transitional and final provisions of the Law on Accounting stipulate that a qualified electronic signature of the legal representative represents a mandatory element of each financial report. In this regard, decisions to adopt financial reports must bear the electronic signature of legal representative.

- The newly introduced obligation for legal representatives of small, medium-sized and large juristic persons is to acquire a qualified electronic certificate in the manner prescribed by law and bylaws - says Karovic.

Failure to submit financial reports in the form stipulated by law shall be fined between 100,000 and 3,000,000 dinars.

If the legal representative of a Serbian company is a foreign citizen, he or she must have their temporary stay in the Republic of Serbia approved in order to apply for electronic signature.

For all further questions you may have, TSG Tomic Sindjelic Groza Law Office is at your disposal.

Filip Karovic, lawyer
filip.karovic@tsg.rs

TSG Advokati Beograd

Tomic Sindjelic Groza Law Office

financial reports

Business Register Agency

BRA

Law on Accounting

Law on electronic signature

electronic signature in financial reports

electronic signature

electronic certificate

qualified electronic certificate

Filip Karovic