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      Tuesday 24 September 2019
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      News

      News August 2019

      ED/2019/2 “Annual Improvements to IFRS Standards 2018-2020”

       

      This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set forth in the "Due Process Handbook" of the IFRS Foundation and the IFRS Interpretation Committee. 

      News July 2019

      IASB Meeting June 2019

       

      This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set forth in the "Due Process Handbook" of the IFRS Foundation and the IFRS Interpretation Committee. 

      News July 2019

      IFRIC Meeting June 2019

       

      This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set forth in the "Due Process Handbook" of the IFRS Foundation and the IFRS Interpretation Committee. 

      News May 2019

      Austria publishes draft digital advertising tax bill

       

      Austria’s draft bill introduces a 5% tax on Austrian digital advertising revenue for all groups with worldwide revenues of at least EUR750 million and Austrian digital advertising revenue of at least EUR25m, effective from 1 January 2020. This measure aims to levy taxes on international groups that currently pay minimal taxes in Austria, according to the Austrian Government.

      News May 2019

      Tax Alert – Inbound Distribution Arrangements: Final PCG 2019/1

       

      On 13 March 2019, the Australian Taxation Office (ATO) released Practical Compliance Guideline (PCG) 2019/1 which documents its compliance approach to the transfer pricing aspects of inbound distribution arrangements.

      News May 2019

      IASB Update April 2019

       

      This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set forth in the "Due Process Handbook" of the IFRS Foundation and the IFRS Interpretation Committee. 

      News May 2019

      IASB proposes targeted amendments to IFRS Standards in response to IBOR reform

       

      The International Accounting Standards Board (Board) has published for public comment proposed changes to the old and new financial instruments Standards, IAS 39 and IFRS 9, in light of the reform of interest rate benchmarks such as interbank offer rates (IBORs).

      News March 2019

      China: Foreign investments falls into the New Law in year 2019

       

      The Draft of Foreign Investment Law (“The Draft FIL”) has been submitted to the second session of the Thirteenth National People‘s Congress on March 8, 2019. How would this have an impact on Foreign Investments to China?

      News March 2019

      CMAC meeting: Thursday 21 March—Agenda papers available

       

      The next CMAC meeting will be held on Thursday 21 March 2019

      News March 2019

      Project summaries on IFRS 8 and discount rates published

       

      The IFRS Foundation has published two documents summarising work by the International Accounting Standards Board (Board) on possible improvements to IFRS 8 Operating Segments and on discount rates in IFRS Standards.

      News February 2019

      HMRC increase activity on businesses who fail to prevent facilitation of tax evasion

       

      HMRC are allocating additional resource to their Fraud Investigations team to tackle facilitation of tax evasion offences – their pipeline covers businesses across all sectors and sizes.

      News February 2019

      Change of withholding tax collection mechanism in Poland

       

      Starting from 1 January 2019 the amendments of Corporate Income Tax Act and Personal Income tax Act came into force.

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