Statutory archiving period for payroll sheets extended by 15 years
At the end of 2022, an amendment to the Pension Insurance Act was promulgated under no. 455/2022 Coll., which, among other things, introduced an extension of the statutory deadline for archiving employee payrolls and other accounting records related to pension insurance with effect from 1 January 2023.
Employers will now be obliged to archive these documents for up to 45 calendar years following the year, to which the documents relate, instead of the previous 30 years. According to the explanatory memorandum, the extension was due to the lengthening of the retirement age of employees and the reference period for determining the employee’s personal assessment base.
The 10-year period for compulsory archiving remains unchanged for old-age pensioners.
Author: Roman Burnus, Anna Beránková