What is the official ID of this bill?
The official print number for this legislation is PROJEKT USTAWY 726.
New Accounting Rules: Higher Thresholds for Businesses and Green Reporting
The act raises the revenue limits above which businesses must keep full accounting records, reducing bureaucracy for smaller enterprises. It also introduces an obligation for large companies to report on their environmental and social impact, increasing corporate transparency.
Key points
Raising the revenue limit to EUR 2.5 million, below which smaller businesses (e.g., sole proprietorships, civil partnerships) are exempt from complex full bookkeeping.
New, higher financial thresholds defining micro, small, medium, and large enterprises, allowing more companies to use accounting simplifications.
Mandatory sustainability reporting (covering environment, human rights, and governance) for large companies and listed corporations.
Requirement for green reports to be verified by certified statutory auditors who must undergo specialized training and pass additional exams.
Strict penalties, including fines and up to 2 years of imprisonment, for auditors issuing false opinions on sustainability reports, and administrative penalties for companies failing to publish them.
54%
VOTING RESULTS
2024-11-21
For
243
Against
203
Abstain
0
Status:
Became Law
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