§ § 12⁹Annual report

(1) The financial year of a political party is the calendar year.
(2) The general meeting of a political party or a body replacing it under the articles of association will approve the annual reports of the political party and submit them without information concerning the principal activity electronically in accordance with subsections 5 and 51 of § 36 of the Non-profit Associations Act pursuant to the procedure established on the basis of clause 1 of subsection 2 of § 7 of the Commercial Register Act. A political party will submit an annual report along with the opinion of a certified auditor, provided that auditing is mandatory, no later than by 30 June to the registration department who will publish the report in the online query system of non-profit associations and foundations.
[RT I, 05.05.2022, 1 – entry into force 01.02.2023]
(3) The obligation to audit the annual reports of a political party receiving allocations from the state budget is provided for in the Authorised Public Accountants Act.
(4) The annual report of the financial year of a political party also recognises the expenses incurred by the affiliated organisations of the political party for the purpose of attainment of the goals and objectives of the political party.
(5) The provisions of subsection 13 of § 121 of this Act apply to the elimination of the deficiencies of the annual report.
[RT I, 05.02.2014, 1 – entry into force 01.04.2014]
(6) If the value of the net assets of a political party as of the end of the financial year has been negative for three consecutive years, the political party will request that the political party funding supervision election committee make proposals for overcoming the economic difficulties, restoring the liquidity, improving the solvency and ensuring the sustainable management of the political party.
[RT I, 05.02.2014, 1 – entry into force 01.04.2014]