The valid regulations on budgetary accounting have recently been slightly amended. They do not introduce any substantial changes in the accounting system, but explains certain provisions and states the depreciation rates which are to be applied for the entire year of 2015.
The article also presents some other changes.
In the system of budgetary accounting the annual listing (stock-taking) represents the basis for the adjustment of the entered records with the actual status of assets and liabilities. However, the accounting regulations of the budgetary system have introduced some rules of the annual listing and the ways of recording the differences in the business records.
Since the beginning of 2015 the new budgetary accounting regulations have been applied. Accordingly, there are some changes regarding the deadlines of the annual listing. The heads of companies should consider the justifiability of their decisions. However, there are no differences in recording the differences of the annual listing, but the assets and liabilities should specifically be considered.
Autori: Mr. sc. Ivana JAKIR-BAJO, dipl. oec. Ivana VARGAŠEVIĆ ČONKA , dipl. oec Mr. sc. Nada DREMEL , dipl. oec., ovl. rač., ovl. rev. i porezni savjetnik
Due to the fact that in the budgetary accounting most of the financial reports for 2015 should be delivered until 1 February 2016, the data on the book-keeping accounts should be checked up. The check-up of the data presented in the book-keeping accounts is a part of the preparations for determining the business results.
Besides the data on the accounts, the system of recording the same business events should also be controlled.
Since the beginning of 2015 the new accounting regulation has been applied. It has introduced a new way of recording some business events and accordingly the change of the start-ups on certain accounts.
Autor: Mr. sc. Nada DREMEL , dipl. oec., ovl. rač., ovl. rev. i porezni savjetnik
Instead of submitting the annual account for 2015, the tax payer should present all the adjustments and corrections for this calendar year in the VAT Form submitted for the last taxation period. Accordingly, the VAT Form for December 2015 should be submitted until 20 January 2015 and should present all the adjustments and corrections made in 2015.
The article provides the instructions on filling in the VAT Form for the last taxation period of the calendar year by the budget beneficiary.
In the last two RRiF issues there were a number of articles on the framework within which the providers and the recipients of the public funds should behave upon financing the programs and projects for the general benefit realized by associations.
This article explains the basic standards which should be considered by the providers of financial assets when providing such assets for the programs and projects of associations.
The procedure of presenting the Statement on the Estimate of Fiscal Effect and the form and the contents of the corresponding forms have been determined by the new Decision, which is to be applied as from 1 January 2016. The article presents the changes and provides the instructions how to fill in such forms.
In the past few months a number of bidders and clients have expressed their dilemmas regarding the e-invoice, especially the date of the introduction of such an obligation in the public procurement, but also in other areas. The article presents an overview of the relevant legal provisions and bylaws in the fields of tax and accounting law, as well as the public procurement in view of the essential new provisions stated in the Directive 2014/55/EU. The article also comments on the Decision of the Government of the Republic of Croatia from 12 November 2015 on receiving the structured e-invoices and the corresponding documents for the bodies of the state administration/budget beneficiaries.
A professional misconduct of the economic entity during the performance of its business activities represents one of the reasons for the exclusion. It is determined by the Public Procurement Act, which defines the concept of the professional misconduct as all the incorrect acts which affect the professional credibility of the economic entity, especially in the field of its business. The professional misconduct is determined by the supervisory bodies or due to the violation of the provisions stated in the contract.
During the open procedures of public procurement, clients frequently state in the documentation a serious professional misconduct as one of the reasons for the exclusion of the economic entity. The article provides the answers to some questions regarding the way of proving the existence of the professional misconduct and presents some examples of the latest practice of the State Commission for Control of the Public Procurement Procedures.
One of the reasons for non-acceptance of the bid in the public procurement system may be its unusually low price. In such a situation the client may have a different attitude to the bidder. This article presents the examples from the practice of the State Commission and the client.
Due to the fact that the public client may determine the conditions of the technical and professional abilities of the economic entity, including the submission of the evidence such as the list of contracts, the application of this provision has raised a number of questions due to the existence of a certain degree of subjectively made estimates. This article provides the answers to such questions with the examples from practice, to which the State Commission has presented their opinion.
Some units of local and regional self-government receive the subsidies from the State Budget of the Republic of Croatia. Due to the restructuring of the system of determining the units which need subsidies, such subsidies will be adjusted in the period of transition. The specific situation also comprises temporary financing within the system of the State Budget for the first three months in 2016.
The subsidies from the State Budget may be financed from the income from taxes (income tax and profit tax) or directly from the State Budget.
Although the occasional substantive rights referring to the end of year have been contracted with the civil servants and public official and employees, all such rights cannot be obtained in 2015. They do not have the right to the Christmas bonus, but their children may obtain occasional gifts.
The regulation which determines the way of controlling the fiscal policy, i.e. it establishes and improves the fiscal rules and the rules of ensuring the fiscal responsibility.
These changes should be taken into consideration upon presenting the statement on fiscal responsibility for 2015. Therefore, the article presents such changes and the changes hidden in the Questionnaire on Fiscal Responsibility.
Autori: Mr. sc. Ivana JAKIR-BAJO, dipl. oec. Ana ZORIĆ , dipl. iur.