The Ministry of Finance has developed and submitted the relevant draft for public consultations. They will last until November 11 this year.
Forms of strict reporting forms will be withdrawn from the Nomenclature of standard forms of primary documents of special treatment. And the corresponding orders of the Ministry of Finance on their approval will be canceled. This decision of the Ministry is dictated by recent changes in the Law on Accounting and Financial Reporting. They cancel the obligation to document such purchases on the basis of primary documents of strict accountability.
The law also provides that an economic entity may use standard forms of primary documents approved by the Ministry of Finance and other public authorities. Or independently develop and use strict reporting forms, provided that they are approved by the company’s management and contain all mandatory details. It is also important to fix these forms in the organization’s accounting policy.
Accordingly, enterprises may independently develop a form of reporting, depending on the specifics of their activities and information needs.
It should be noted that earlier consultations were announced to cancel the joint order of the Ministry of Finance and the National Bureau of Statistics No. 88/106/2008 on the approval of the standard form of the primary document with special treatment “Act of acquisition of rental services and related expenses”.
The abolition of the obligation to use strict reporting forms will simplify the process of doing business by enterprises and their interaction with state authorities.
