In March 2019, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) that amends and clarifies the accounting for production costs for films and episodic content produc…
The acquisition of ownership title to real estate subject to a finance lease by its user is, according to the Ordinance on Real Estate Acquisition Tax, exempt from this tax. However, the Ordinance does not defi…
The Chamber of Deputies is currently debating, as Parliamentary Print No. 302, Amendment to Act No. 378/2007 Coll., on Medicinal Products and Amendments to Some Relating Acts, as amended (the “Medicinal Product…
Businesses often find themselves in a situation where they become entitled to interest as a result of the tax administrator’s actions or negligence. However, in practice, we often come across cases where the ta…
The German Federal Ministry of Finance confirmed that payments for online advertising attributed to recipients residing in another state are not subject to German withholding tax. In France, an act introducing …
The Supreme Administrative Court cancelled a rather disputable decision of the Regional Court in České Budějovice issued at the beginning of last year on the grounds of its unreviewability. It also stated sever…
The Technology Agency of the Czech Republic plans to announce a call for proposals in the DELTA 2 programme on 25 June, focusing on the support of applied research and experimental development and innovation. T…
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 28 March 2019.
In this article we make some observations about cryptocurrencies and the current accounting requirements under IFRSs for those holding, using for payments for goods or services or issuing cryptocurrency.