Dear colleagues,


Please be reminded that pursuant to Article 23 of the Law on Accounting “Official Gazette of Republic of Macedonia” no. 95/12…193/17, sole trader- accountant, sole trader –certified accountant and the accounting company are obliged to submit to the Institute of Accountants and Chartered Accountants no later than 31 January 2018 the following documents:

  1. List of persons employed as accountants and certified accountants with a registration number under which they are registered in the appropriate register at the Institute
  2. Evidence for annual insurance against damage during professional activity in the amount stipulated in Article 21 paragraph (2) item 5 of the Law.

Pursuant to Article 45 of the Law, failure to submit a list of persons and evidence of annual insurance against damage shall result in a fine of EUR 4,000 in Denar equivalent for the sole trader- accountant, sole trader –certified accountant and the accounting company, as well as a fine in the amount of 30% of the fine imposed to the responsible person.


Respectfully,
Rafajlovski Consulting