GT News

On September 14, 2026, the National Accounting Board (Národní účetní rada – NÚR) approved the final text of a new Interpretation concerning the determination of the timing of revenue recognition.

In mid-September 2026, the National Accounting Board (Národní účetní rada – NÚR) approved a draft interpretation relating to Joint Ventures / Simple Partnerships (Společnost under the Czech Civil Code, formerly known as sdružení / unincorporated associations) for external public consultation.

The National Accounting Council (hereinafter "NÚR") is an independent expert institution composed of professionals from the Chamber of Auditors of the Czech Republic, the Chamber of Tax Advisors of the Czech Republic, the Union of Accountants of the Czech Republic, and the Faculty of Finance and Accounting at the University of Economics in Prague.

In mid-August 2026, a government bill amending Act No. 563/1991 Coll., on Accounting, and Act No. 93/2009 Coll., on Auditors, was submitted to the Chamber of Deputies as parliamentary print 279/0.

Unpublished Financial Statements: An Unnecessary Risk That Does Not Pay Off