Category: Accounting

The duties of the company’s Board of Directors include monitoring the company’s equity. If the company’s board of directors finds that the company has lost, or is about to lose equity, it must take steps to safeguard equity. When calculating the adequacy of equity, a capital loan in accordance with the Limited Liability Companies Act…

The Income Register is a nationwide electronic database that was introduced at the beginning of 2019. It contains comprehensive individual-level data on salaries, pensions, and benefits, which is shared for the needs of authorities and administrative bodies. Wage and salary information must be reported to the Income Register no later than the fifth calendar day…