The articles present a complete description of preparation of annual financial reports including the forms for calculation of the determined tax liabilities, contributions, membership fees and compensations, which are to be submitted within the same period as financial reports. They all refer to companies, sole traders – profit makers and private institutions, which pay profit tax and apply a double-entry accounting according to the Accounting Act.
Autor: Dr. sc. Vlado BRKANIĆ, ovl. rač. i ovl. rev. - glavni urednik
Every year in preparing their final accounts, legal and physical persons are obliged to make the final calculation of compensations for forests, membership fees to tourist associations and chambers and monument annuities. According to their annual account for 2009 the obligatory payers determined the advance payment amounts of the above stated liabilities and paid them during 2010 according to the valid regulations. The exact amounts of the above stated fees and compensations are determined in the annual account and are to be entered on the account of expenses for 2010. If it has been determined in the annual account that the insufficient amount of compensations has been paid during 2010, the payment liabilities arise, whereas in the opposite case receivables for the refund or calculation of prepaid liabilities arise.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
Scholarships represent a form of cash aid granted to individuals for their education or professional training. They can be granted for a certain academic achievement or for development of specific talents, including sports achievements. The article deals with scholarships granted to pupils and students. According to tax regulations scholarships can, under certain circumstances, be granted without tax liabilities and in some cases up to certain amounts only.
The RRiF Magazine 12/10 published the first part of the issue regarding forging of financial reports including the description of calculation procedures and the consequences of not performing certain activities, which may lead to the better or worse presentation of the company’s business results. The use of forbidden calculation methods in the conditions of the application of the International Accounting Standards is extremely risky due to a large space left by the definitions on fair value or the freedom to make estimates at the moment of drawing up financial reports, taking into consideration that the readers of such reports may get a different picture than it really is. The accusation for the crime act due to the incorrect presentation of the company’s assets, financial position and performance is also possible in the case when there is no intention to gain financial benefits. However, such an act is even more serious if a person uses the forbidden activities in creative accounting.
In this budgetary accounting two groups of business events are recorded: the tax receivables which are the consequences of the annual salary calculation for 2010 and the purchase of non-financial assets on financial lease. The way of recording the receivables for the overpaid income tax and the income surtax has been adjusted to the annual salary calculation. The budget beneficiaries take into consideration the specifics of the recording due to the fact that some of them work through the Treasury.
Autor: Mr. sc. Nada DREMEL, dipl. oec., ovl. rač. i ovl. rev.
The final recordings are to be performed after the check-up of the recorded business events in 2010 and before the preparation of the financial reports for 2010. The article presents the procedure of the final annual recordings in the accounting of non-profit organizations.
Autor: Mr. sc. Nada DREMEL, dipl. oec., ovl. rač. i ovl. rev.
The persons who keep a double-entry accounting within the system of non-profit accounting are obliged to submit the financial reports for the year of 2010 until 1 March 2011. In view of their form and contents the financial reports for 2010 do not differ from the financial reports for 2009. The financial reports are to be submitted to the FINA and the State Audit Office. The notes in the financial reports are not submitted to the FINA.
Autori: Mr. sc. Nada DREMEL, dipl. oec., ovl. rač. i ovl. rev. Andreja Milić , dipl. oec.
According to the Value Added Tax Act the non-profit organizations which simultaneously provide taxable and non-taxable deliveries are obliged to make a division of the entered prepaid tax for the received invoices regarding the purchase of goods and services which are partially used for the provision of taxable and partially for the provision of non-taxable deliveries.
Autor: Mirela GLAVOTA, dipl. oec., ovl. rač. i ovl. rev.
Until 31 January 2011 employers are obliged to draw up and deliver to Tax Administration the reports on paid salaries, other income (author’s fees, fees according to temporary work contracts and alike) including the information on the paid taxes, surtaxes and other payments on behalf of the tax payer during the year of 2010. Although the new Rulebook on Amendments to the Rulebook determines the new forms for filing the reports, the reports for the year of 2010 should be submitted in the old forms, the same ones being valid in 2009. The new forms are to be applied for 2011. The article deals with drawing up and submitting the above stated forms.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
Until 31 January 2011 employers are obliged to draw up and deliver to Tax Administration the reports on paid salaries, other income (author’s fees, fees according to temporary work contracts and alike) including the information on the paid taxes, surtaxes and other payments on behalf of the tax payer during the year of 2010. Although the new Rulebook on Amendments to the Rulebook determines the new forms for filing the reports, the reports for the year of 2010 should be submitted in the old forms, the same ones being valid in 2009. The new forms are to be applied for 2011. The article deals with drawing up and submitting the above stated forms.
Autor: Lucija TURKOVIĆ-JARŽA, dipl. oec. i ovl. rač.
The obligation of drawing up the annual reports on special taxes in 2010 refers only to the tax payers who provide goods which are taxed with special taxes. They are manufacturers and importers of non-alcoholic drinks, automobiles, other motor vehicles, vessels, aircrafts, coffee and luxury products. The financial reports, which are to be delivered to the corresponding customs office, should also include the data on the warehoused goods as at 31 December, 2010. The article presents only the basics regarding the financial reports on special taxes, whereas the reports on tariffs, which are to be delivered by tariff payers, are the topic of another article in this issue of the RRiF Magazine.
Autori: Mr. sc. Ljerka MARKOTA, dipl. oec. i ovl. rač. Željka MARINOVIĆ, dipl. oec.
The comment of management should provide the users of financial reports with the information on the past and future reviews of the company's financial position and its cash flow from the viewpoint of the management. The comment of management should be the basis for understanding the objectives and strategies of the management in their realization. Such a comment contains non-financial information and is to be enclosed to the financial reports.
The article presents the suggestions of the European Commission referring to the legislation and the economic activities of the EU member countries. The suggestions comprise the changes of the Directive on Value Added Tax, the standard for electronic invoices, the Companies' Act, the reform of the financial market, the reform of the agricultural policy and others.
The new Act on Payment Transactions becomes effective on 1 January 2011, comprising now the payment transactions with foreign countries as well, which was not the case before. The most provisions of the Distraint Act regarding distraint procedure on cash assets also become effective on this date. Accordingly, the distraint procedure has been transferred from the banks to the Financial Agency. This means that the documents regarding distraint procedures are now to be submitted to the Financial Agency, not to banks, as it has been the case so far. The article provides comments on the provisions of the Act on Payment Transactions and the Act on Distraint Procedure on Cash Assets.
Although the system of payment transactions with foreign countries is to be changed starting on 1 January 2011, the system of foreign currency operations, which is determined by the special act and regulations, will not be cancelled. Besides the changes in the system of payment transactions, which come into effect on 1 January 2011, the Act on Foreign Currency Operations will also be changed. Accordingly, some limitations regarding foreign business operations, which were valid until the end of 2010, have been cancelled. However, there are still some specific circumstances which have to be taken into consideration in foreign currency operations.
Hrvatski sabor na sjednici održanoj 23. studenoga 2010. donio je Zakon o izmjenama i dopunama Zakona o obveznom zdravstvenom osiguranju, na osnovi kojega nadležnost prava iz zdravstvenog osiguranja u slučaju ozljeda na radu i profesionalne bolesti prelazi ponovno u nadležnost Zavoda za obvezno zdravstveno osiguranje. Podsjećamo da su se navedena prava od 1. siječnja 2008. ostvarivala kod novoosnovane pravne osobe Hrvatskog zavoda za zdravstveno osiguranje zaštite zdravlja na radu na temelju Zakona o zdravstvenom osiguranju zaštite zdravlja na radu koji se ukida.
1. Uvod 2. Što je uređeno Zakonom o izmjenama i dopunama Zakona o obveznom o obveznom zdravstvenom osiguranju 3. Koja se prava osiguravaju za slučaj ozljede na radu i profesionalne bolesti 4. Što se smatra ozljedom na radu i profesionalnom bolesti 5. Specifična zdravstvena zaštita radnika i što ona obuhvaća 6. Prava za slučaj priznate ozljede na radu i profesionalne bolesti 7. Provoditelji zdravstvene zaštite 8. Obujam zdravstvene zaštite 9. Pravo na novčane naknade 10. Utvrđivanje osnovice za naknadu plaće 11. Naknada troškova prijevoza 12. Pravo na naknadu pogrebnih troškova 13. Kazne i prekršaji 14. Ostale izmjene Zakona o obveznom zdravstvenom osiguranju
In case of the changed circumstances in the employer's business, compared to those in the time of signing the contract on employment resulting in the employee's redundancy or inability of the employee to perform the contracted activities or in the case when the employee does not fulfil the obligations stated in the contract on employment, the employer can legally terminate the contract on employment with such an employee. However, if the employer wishes to keep such an employee but not according to the contracted conditions, he/she may terminate the employment and offer him/her a changed contract on employment. In case the employee accepts the changed contract, the termination of employment becomes invalid and the new contract on employment is to be applied.
Jedna smo od posljednjih tranzicijskih zemalja koja je zadržala ograničenje u uporabi gotovine za plaćanje nabave dobara i usluga (npr. BiH to ograničenje nema već deset godina). S novim propisima o platnom prometu prestala su i u nas od 1. siječnja 2011. takva ograničenja. Uvijek se opravdavalo kako će to pogodovati utajama i prevarama u trgovačkom poslovanju te s motrišta platnog prometa radi praćenja i evidentiranja transakcija i vođenja monetarne politike. Prestanak ograničenja u svoti plaćanja gotovinom ne znači da će se gotovina više rabiti, no lijep je osjećaj da se ne trebamo plašiti njezine uporabe u većim svotama.
1. Zakonski okvir 2. Motrište sprečavanja pranja novca i uporaba gotovine 3. Propisi o oporezivanju dohodaka građana 4. Obveza polaganja utrška
Autor: Dr. sc. Vlado BRKANIĆ, prof., ovl. rač. i ovl. rev.
