In connection with the possibility to apply for a subsidy for increased energy costs provided by the Ministry of Industry and Trade, the Chamber of Auditors of the Czech Republic has published a statement, in which it deals with the accounting of the proceeds from this subsidy. In particular, it looks into the question of the accounting period in which the claim for the subsidy should be declared.
The Czech Chamber of Auditors leans towards accounting for the proceeds in the year in which the accounting entity receives the decision on the granting of the subsidy. It also states that if specific conditions mentioned in its statement are met, it is also possible to account for the proceeds for this particular subsidy in the year when the application was made. In particular, this applies to the following conditions:
- an application submitted by the end of 2022 contains all the prerequisites required by the Ministry of Industry and Trade and, at the same time, this information meets the requirements and conditions of the subsidy program,
- the accounting entity is able to prove that all the conditions required by the subsidy program have been met.
The full statement can be found on the website of the Chamber of Auditors of the Czech Republic.