Tajikistan’s Law on Accounting and Financial Reporting: what it requires of companies

The main accounting statute in Tajikistan is Law No. 702 of 25 March 2011 on Accounting and Financial Reporting. It was substantially amended by Law No. 2138 of 2 January 2025, which entered into force upon official publication. Here is what the law requires of a company.

Who the law applies to

The law applies to all organisations regardless of legal form, and to foreign organisations operating in the Republic of Tajikistan, unless international legal acts recognised by Tajikistan provide otherwise (Article 4(1)). For a foreign company operating in Tajikistan, this means keeping accounts under local rules.

Which standards apply

Since the 2025 amendments, Article 4(2) divides organisations into groups:

• public interest entities and large businesses apply International Financial Reporting Standards (IFRS);
• small and medium-sized businesses, other than individual entrepreneurs, apply IFRS for SMEs or full IFRS;
• budget organisations apply Tajikistan’s public sector financial reporting standards.

Individual entrepreneurs keep simplified accounts (Article 4(3)). The criteria for large, medium and small businesses are set by the legislation on the protection and support of entrepreneurship (Article 4(4)), and the criteria for public interest entities are set by the Government (Article 2).

Organisations must prepare annual and interim reports in accordance with international standards (Article 22(1)). The accounting policy is also based on international standards (Article 2).

How bookkeeping can be organised

Depending on the volume of accounting work, management chooses one of the following options (Article 9(2)):

• set up an accounting department headed by a chief accountant;
• employ an accountant;
• outsource bookkeeping and reporting under a contract to a centralised accounting office, an accounting firm or a professional accountant;
• where necessary, keep the books personally.

The law expressly allows bookkeeping to be outsourced under a contract. The organisation itself remains responsible for organising its accounting and preparing its reports (Article 9(1)).

Source documents and record keeping

Every entry must be supported by original source documents, transactions must be recorded promptly and in chronological order, and double entry is used under the chart of accounts (Article 6). Source documents, financial statements and accounting registers are kept on paper and electronically for the periods set by law. The head of the organisation and the chief accountant are responsible for record keeping (Article 20).

Where and when to file annual reports

Organisations submit financial statements to their founders in accordance with the constituent documents and to the state statistics authority at the place of registration (Article 23(3)). Annual financial statements are submitted no later than 30 April of the following year (Article 23(5)). Public interest entities must also file annual statements with an audit report with the depository (Article 23(4)).

Remember the tax deadline too: annual accounting reports, including the balance sheet, are filed with the tax authority together with the corporate income tax return by 1 April (Article 241(8) of the Tax Code). All deadlines are set out in our article on filing deadlines.

Questions and answers

ROMB Accounting teamProvisions checked against the official Adlia legal database.

This article is for information only and reflects the law as of the publication date. Before making decisions, check the current wording of the law or contact us for advice.