On 8 November 2023, the amendments to IAS 12 Income Taxes titled International Tax Reform – Pillar Two Model Rules were endorsed by the European Commission for use in the European Union. The EU effective date i…
On 20 November 2023, the amendments to IFRS 16 Leases titled Lease Liability in a Sale and Leaseback were endorsed by the European Commission for use in the European Union.
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 21 November 2023…
This article addresses the requirements of IAS 1 Presentation of Financial Statements relating to the disclosure of key judgements management has made in the process of applying accounting policies and of assum…
On 15 November 2023, the Chamber of Deputies held the 3rd reading of the government’s bill amending certain laws in connection with the development of the financial market and the promotion of retirement securi…
According to the judgment of the Constitutional Court, the full amount of a subsidy should be reduced only in the most serious cases or under special circumstances. Moreover, in its judgment, Case No III. ÚS 13…
Which entities are required to account for deferred tax? And how is this tax properly calculated? In the following article, we have outlined what to pay special attention to when calculating deferred tax in the…
As part of the consolidation package, the Real Estate Tax Act has also been amended. Most of the changes will already be relevant for the upcoming year 2024. Although many of the changes will be reflected autom…
The transposition of the European NIS2 Directive into the Czech legislation should be completed by mid-2024. The directive will be reflected in the new Cybersecurity Act (CSA) and related decrees and will affec…