Transition to Electronic Reporting

Deputies of the Committee on Economic Policy, Budget and Finance considered changes and additions to the laws "On the procedure for providing financial, tax and statistical reports in electronic form through telecommunication channels", "On accounting and financial reporting", "On state statistics".

The information digital system that enables enterprises and organizations to submit financial, tax, statistical reports in electronic format has already been created in Pridnestrovie. The system is currently working in test mode and business entities can still choose the form of submitting reports - in paper form or in electronic form.

The law-in-draft that was prepared by the Government proposes to make the provision of electronic reporting mandatory. They discussed in the course of the meeting of the relevant Committee the question of when such a rule will begin to operate. The Government has been proposing since July 1 this year. The committee considers that more time should be given to enterprises to switch to digital reporting. Business entities need to purchase equipment and install software. We are talking mainly about small and medium-sized enterprises, as well as agricultural enterprises. Large enterprises are ready to submit reports digitally. By the way, 2020 was a transitional period in Russia. It is for small and medium-sized businesses and agribusiness enterprises to adapt to the digital reporting system. More than 300 enterprises submit reports in electronic form by now in Pridnestrovie.

The committee will recommend to the Supreme Council to adopt the law-in-draft in the final reading, provided that the rule on electronic reporting becomes mandatory from January 1, 2022.