Czech Republic: Disclosure of non-financial information | KPMG | GLOBAL

Czech Republic: Disclosure of non-financial information

Czech Republic: Disclosure of non-financial information

An EU directive—that introduces a system of non-financial reporting—is to be transposed into the Czech legal system by December 2016, and thus requiring the initial disclosure of non-financial information for the accounting period beginning on or after 1 January 2017. The proposed change to the Czech Republic accounting law concerning the non-financial reporting has been submitted to the parliament.


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The duty to disclose non-financial information would affect certain “large entities.” The subject information would concern environmental, social and employee matters, human rights, and anti-corruption and bribery matters. The disclosure would include descriptions of the business and of implemented measures, policies, procedures, and their outcomes, as well as the company’s principal risks and key non-financial performance indicators.


Read a June 2016 report [PDF 557 KB] prepared by the KPMG member firm in the Czech Republic: Tax and Legal Update (June 2016)


Other topics discussed in the KPMG report concerning:

  • Proposals for changes to social security 
  • Effect of incorrectly filed value added tax (VAT) returns
  • Extension of social security treaty between the Czech Republic and the United States

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