Download Accounting: News March 2018
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Is Dutch legislation contrary to the Treaty on the EU?
On 22 February 2018, the First Chamber of the Court of Justice of the European Union (“CJEU”) issued a ruling in joined cases C-398/16 and C-399/16. Both disputes concern compliance, or the lack thereof, of the…
A New Form of the TP Attachment to the Corporate Income Tax Return
Since 2014, taxable entities that meet specific criteria have been obliged to fill in an appendix to the corporate income tax return related to intercompany transactions. Also due to this measure, transfer pric…
A Change in the Treatment of Tax Exemption of Income from Royalty and Interest Payments?
In late January, an important ruling of the Supreme Administrative Court (SAC) was issued under Ref. No. 3 Afs 250/2016. The ruling is related to tax exemption of income from royalty payments and interest on a …
Check the options to transfer the registered office from non-EU countries
A cross-border transfer of the registered office as stipulated in the Czech Transformation Act has recently experienced a mild but noticeable development. The key limit of the Transformation Act is the fact tha…
Further EET Developments
Following its ruling of 12 December 2017, the Constitutional Court revoked the implementation of the electronic sales records (‘EET’) in the two remaining phases which were to affect the vast majority of sales …
Amendment to Regulation No. 501/2002 Coll., for Banks and Other Financial Institutions, from 1 January 2018
On 15 December 2017, an amendment to the implementing regulation to the Accounting Act for banks and other financial institutions was published in the Collection of Laws under number 442/2017 Coll.
IFRS EU Endorsement Process
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 8 February 2018.…
The IASB issued amendments to IAS 19 regarding plan amendments, curtailments, and settlements
On 7 February 2018, the International Accounting Standards Board (IASB) published 'Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)' thus finalising one of two issues relating to IAS 19 submitte…