Global Tax Accounting Services Newsletter (April– June 2014)
In this release, an update is provided on a variety of accounting and reporting developments, including: country-by-country reporting the OECD project on hybrid mismatch arrangements, and the new converged standard on revenue recognition recently issued by the Financial Accounting Standards Board and International Accounting Standards Board Your attention is also drawn to some significant tax
Challenges multinationals may face in completing the OECD’s country-by-country reporting template
On 30 January 2014, the Organisation for Economic Cooperation and Development (OECD) released a discussion draft on transfer pricing documentation and country-by-country reporting (CBCR) which included a template for reporting of income, taxes, and economic activity (CBCR template). The purpose of the CBCR template is to provide tax authorities with the information necessary to conduct
Global Tax Accounting Services Newsletter (January – March 2014)
In this Global Tax Accounting Services Newsletter an update is provided on a variety of accounting and reporting developments
BASC issues draft advice on the Belgian GAAP treatment of the Fairness Tax
The Belgian Accounting Standards Commission (BASC) was asked to provide guidance with respect to the accounting treatment of the Fairness Tax. The Fairness Tax is a separate tax of 5.15% (5% increased by 3% crisis surtax). This separate tax applies to a Belgian company (non SME) if: (i) the company has distributed dividends with respect
Global tax accounting April – June 2013
Accounting- and reporting-related updates Revised exposure draft on leases IFRIC 21 Levies Tax transparency and country-by-country reporting FASB ratifies consensus on netting unrecognised tax benefits against loss or other tax carryforward assets Recent and upcoming major tax law changes and the tax accounting implications Some tax rate changes Other important considerations in tax law changes
Global tax accounting January – March 2013
Accounting and reporting related updates Share-based payments & withholding taxes Prior period adjustments EFRAG feedback statement FAF income tax review EU banks – country by country reporting GAAP changes in the UK Recent and upcoming major tax law changes and the tax accounting implications Tax rate changes Other important considerations in tax law changes Tax
Global tax accounting October – December 2012
Accounting and reporting related updates Hedge accounting Revenue recognition Unrealised losses on debt instruments Netherlands audit rotation Recent and upcoming major tax law changes and the tax accounting implications Some tax rate changes Other important considerations in tax law changes Tax accounting refresher Outside basis differences Download the pdf: Global tax accounting October – December 2012
Global tax accounting July – September 2012
Accounting and reporting related updates International Financial Reporting Interpretations Committee decisions Accounting for market value uplifts IFRS 2012 Annual Improvements UK audit exemption Recent and upcoming major tax law changes and the tax accounting implications Second Amended French Finance Act for 2012 Some tax rate changes Other important considerations in tax law changes Tax Accounting
