The Accounting and Auditing Regulator (ACAR) issued the Notification No. 057 on Deadline for Submission of Notice of Use of English Language in Computerized Accounting System and/or Other Related Computerized Systems to the Accounting and Auditing Regulator on 21st July 2022.

The Notification states that the enterprises which uses English language in the accounting system shall submit a notice to ACAR by the following deadline:

(i) The enterprises which were registered before the date of the notification: By 31st December 2022

(ii) The enterprises which were registered after the date of the notification: Within 180 days of the date of registration with the GDT

Enterprises failing to submit such a notice by the above mentioned deadline will be subject to interim fines in accordance with Sub-Decree No. 79 dated 1st June 2020.