The Top-Up Taxes Act came into force at the end of last year, requiring affected companies to disclose in their 2024 financial statements whether they will be liable for the top-up tax, and if so, how much they…
We bring an interesting final agenda decision issued by the IFRS Interpretations Committee in October 2024, which concerns the disclosure of revenues and expenses for reportable segments under IFRS 8 Operating …
On 8 October 2024, the European Securities and Markets Authority (ESMA) published 'Clearing the smog: Accounting for Carbon Allowances in Financial Statements'.
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 19 July 2024.
On 18 July 2024, the International Accounting Standards Board (IASB) published 'Annual Improvements to IFRS Accounting Standards — Volume 11'. It contains amendments to five standards as a result of the IASB's …
The following article briefly summarises the main points of the National Accounting Standards Board’s new Interpretation I-50 Deferred Tax and Exchange Differences Excluded from Taxation.
In its resolution of 28 August 2024, the Government approved an amendment to the Accounting Act 563/1993 Coll. (the “Accounting Act”). This amendment is scheduled for discussion during the 112th session of the …
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 31 May 2024.
On 31 May 2024, the Czech Ministry of Finance published a working version of the updated draft of the new Accounting Act (hereinafter the “Draft Act”) and certain theses on future implementation decrees elabora…