 |
|
|
|
|
|
 |
|
|
|
| Liquidation of a company is not just an administrative formality |
| Bratislava, 23.07.2026 |
|
| If the process is set up incorrectly, the liquidation of a company can become unnecessarily complicated and drag on for several months. This is pointed out by Jitka Božeková, a partner at the accounting and tax consulting group Atlas Group, who says that this phase is often underestimated by owners.
"The liquidation of a company is not a decision, but a process. And it has its own rules that intersect between accounting, taxes and law. They are not always clearly interpreted and are often a source of uncertainty in practice," the expert explained. According to her, problems, questions and errors arise mainly in the area of accounting and taxes.
"A very common scenario in practice is that the company has not been operating for years. It has no employees, no activities, and only money has remained in it. And this is 'only' the problem," she described. From an accounting and tax perspective, it is still a full-fledged accounting unit that must have closed accounting to enter liquidation. They must also prepare extraordinary financial statements and be able to demonstrate the status of assets and liabilities. They must then go through the entire liquidation process as a separate accounting period.
Another mistake, according to the expert, is the assumption that a regular accountant can automatically handle the liquidation. She points out that many accountants encounter the liquidation of a company only a few times in their careers, if at all. However, this process has its own specifics, for example, during it, assets are not valued according to historical price, but rather their sale value. Reserves and provisions are reassessed, specific accounting situations arise, and at the end, the liquidation balance is calculated.
Another area that needs to be considered during the liquidation of a company is taxes. The tax period changes, the tax base is calculated in a specific way, it is not possible to claim tax loss deductions during the process, and VAT is dealt with when the activity is terminated. "The key question is also how to tax the liquidation balance. Because the liquidation balance is also taxable income for the partners," Božeková pointed out.odkaz na stránku |
|
|
|
|
|
|
|
|
|
|
|
|
Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
|
|
