---
title: "Annual Reporting Compliance"
url: "https://legal.ge/en/service/corporate-and-commercial-law-en/annual-reporting-compliance-en"
field: "Corporate & Commercial Law"
description: "Comply with SARAS reporting requirements. Financial and management report submission services for Georgian companies on Legal.ge."
reviewed: "2026-02-11"
updated: "2026-10-15"
publisher: "legal.ge"
---

# Annual Reporting Compliance

> Source: legal.ge, https://legal.ge/en/service/corporate-and-commercial-law-en/annual-reporting-compliance-en

Annual Reporting Compliance is a critical obligation for all business entities in Georgia. Under the "Law on Accounting, Reporting and Auditing," companies are required to prepare and submit financial statements to the Service for Accounting, Reporting and Auditing Supervision (SARAS). This obligation applies not only to large corporations but also to small and medium-sized enterprises (SMEs), albeit with differing standards. Failure to submit or incorrect submission results in significant monetary fines and reputational damage (deterioration of company status in public registries). Besides financial data, large companies are also required to submit a "Management Report," which includes non-financial information. Specialists on Legal.ge help you comply with these complex regulatory requirements so that your business remains transparent and law-abiding.

## What Does Annual Reporting Compliance Service Cover?

This service goes beyond simple accounting and includes full legal and regulatory support. Experts on Legal.ge offer:

-   **Determining Entity Category:** The law divides companies into 4 categories based on size. Identifying the correct category is critical as it determines the reporting standard (IFRS for SMEs vs. full IFRS).
-   **Preparing Management Reports:** Drafting mandatory non-financial reports for Category I and II entities (business model, risks, environmental issues).
-   **Liaising with Auditors:** Legal support during the external audit process, answering auditor queries, and preparing Representation Letters.
-   **Submission to SARAS:** Timely and correctly formatted uploading of reports to the Reportal.ge portal.
-   **Corporate Approval:** Preparing minutes of partners'/shareholders' meetings approving the reports before submission.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/corporate-and-commercial-law-en/annual-reporting-compliance-en

### Who is subject to audit?

PIEs and first- and second-category enterprises and groups, including subsidiaries.

### On what principles are statements prepared?

Completeness, correctness and fairness, in correspondence with the fundamental characteristics of international standards.

### When does non-financial reporting open?

For a PIE meeting the first-category size criteria and having on average more than 500 employees.

### What is the filing deadline and who publishes?

Filed with the service no later than 1 October of the following year; the service publishes the statements within 1 month of filing.