Summary 380 posts
Release of the final standard on leases The biggest change introduced by IFRS 16 is that almost all leases will be brought onto lessees’ balance sheets under a single model (except leases of less than 12 months and leases of low-value assets),eliminating the distinction between operating and finance leases. Lessor accounting however remains largely unchanged and the distinction between operating and finance leases is retained.
Read moreAs the Organisation for Economic Cooperation and Development (OECD) comes to the end of its ambitious two-and-a-half-year BEPS project to design a new framework for international tax, has it found a better and more internationally coherent approach?
Read moreAndy is currently ranked 37th in the world up from 150th at the beginning of 2015, a year that saw him win three times on the European Tour.
Read moreNew rules were introduced from 1 July 2015 for the periodically settled transactions of taxable persons supplying accounting, audit and tax consulting services.
Read moreIn the end of last year, Action 7 addressed preventing the artificial avoidance of PE status.
Read moreSince George V founded the Order of the British Empire in 1917, the New Year\'s Honours List - which rewards contributions to the arts, sciences and work with charitable and welfare organisations - has been dominated by men. However, in 2016, the New Year’s Honours list is made up of 578 women – 48 percent of the total.
Read morePUBLICATIONS AND ANNOUNCEMENTS Accounting changes for transactions between investors and associates or joint ventures postponed On 17 December 2015, the IASB confirmed the indefinite deferral of the effective date of the September 2014 narrow-scope amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture until such time as it has finalised a broader review of the equity method of accounting.
Read moreThe IMF forecasts global economic output to grow by 3.6 percent in 2016, an improvement over world GDP growth rates in 2014 (3.4 percent) and 2015 (3.1 percent).
Read moreFrom 2014 businesses issuing invoices from their Hungarian VAT number are required to inform the authorities about the invoicing software they use.
Read moreAs you may know that the Hungarian Government recently submitted new draft legislation to the parliament.
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