Netherlands: Tax package for 2018
The Dutch government’s tax plans for 2019 and thereafter, published on 18 September 2018, include implementation of the EU Anti-Tax Avoidance Directive (ATAD 1).
October Vat news: Ruling of the CJEU
In two cases (C-422/17 Scarpa Travel and C-552/17 Alpenchalets Resorts), the Advocate General of the Court of Justice of the European Union (CoJ) defines the taxation of services when the special regime for tra…
October Vat news: VAT Act Amendment
As the discussion of the technical amendment to the VAT Act has been postponed, it may be expected that the relevant changes (eg, in respect of tax base corrections, VAT reduction in the event of irrecoverable …
Announcing the Czech Republic’s stance towards the EU’s proposals for digital economy taxation
The Ministry of Finance has published on its website a brief summary of the Czech Republic’s attitude to the proposals of the European Union concerning the taxation of so-called digital economy (we have discuss…
The Current Schedule of Calls under the Operational Programme Enterprise and Innovations for Competitiveness 2014-2020
Would you like to see the latest schedule of the announced Business and Innovation for Competitiveness Operational Programme (or “OP PIK”) 2014-2020 calls and know the precise announcement date and date for sub…
What changes in US GAAP become effective this December?
With the approaching year end most of the companies are already prepared for key US GAAP changes becoming effective soon, for example changes in leasing accounting. There are however more changes upcoming.
IFRS EU Endorsement Process: October
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 12 October 2018.
Applying the expected credit loss model under IFRS 9 to trade receivables
IFRS 9 Financial Instruments is effective for annual periods beginning on or after 1 January 2018. Its new impairment requirements will affect almost all entities and not just large financial institutions. Wher…
Other profit or loss from prior years
Since 2013, equity has included the item “Other profit or loss from prior years” (since 2017 as item A.IV.3., since 2018 as A.IV.2.), which is regulated by Section 15a of Regulation No. 500/2002 Sb. In today’s …