IASB publishes amendments to IAS 21
On 15 August 2023, the International Accounting Standards Board (IASB) published 'Lack of Exchangeability (Amendments to IAS 21)' that contains guidance to specify when a currency is exchangeable and how to det…
VAT news [September 2023]
The amendments to the government’s consolidation package bring interesting changes to the area of VAT. The General Financial Directorate has addressed the determination of the tax base for the donation of hard-…
Children of foreigners will be covered by public health insurance from January
As of 1 January 2024, foreigners under the age of 18 will be covered by public health insurance; a long-awaited change in access to health insurance for children of foreigners is thus becoming a reality. What c…
When does the statute of limitations start to run in the case of a creditor-dependent maturity?
Have you ever lent money to someone without agreeing when they would pay you back? Then you might want to pay attention. According to a recent Supreme Court decision, your claim could become subject to the stat…
Legal News [September 2023]: Where is the place of work?
What is the relationship between the place of work agreed in the employment contract and the workplace? Is it possible to extend the term of office of statutory body members? These are just some of the question…
Impact of the government’s Consolidation Package on the Accounting Act
The government's consolidation package, which is currently going through the legislative process, brings a number of changes that will also affect accounting. The most significant one is undoubtedly the introdu…
Court upholds ten-year extension of duty assessment period
In a recent judgment, the Supreme Administrative Court (“SAC”) commented on the extension of the basic three-year period for assessing duties in situations where customs authorities considered that the customs …
OECD Pillar Two updates
On 17 July 2023, the OECD/G20 Inclusive Framework on BEPS published a package of documents on the implementation of the Pillar Two global minimum tax rules (“Pillar Two”). The package includes additional admini…
Generative AI and AI Act
The introduction of the ChatGPT model at the end of 2022 marked a remarkable technological milestone – the deployment of generative artificial intelligence. This represents an attempt to develop what is known a…