The new government decree on changing reporting deadlines for State owned PIEs

According to the decree N-217 of the Georgian Government of February 11, 2021, the government decree on setting reporting deadlines for the state-owned entities, classified as Public Interest Entity, as well as for the entities operating with the equity participation of State-owned PIEs was approved. According to which, State-owned Public Interest Entities must submit audited financial and management reports to the SARAS by July 1 of the year following the reporting period, whereas, unaudited financial and management reports, for early access, must be submitted by April 1 of the year following the reporting period

According to the decree, the entities with municipality equity participation, must fulfill the above-mentioned obligation for the reporting periods of 2020 and subsequent years.