Operating Segments

In April 2001 the International Accounting Standards Board (Board) adopted IAS 14 Segment Reporting, which had originally been issued by the International Accounting Standards Committee in August 1997. IAS 14 Segment Reporting replaced IAS 14 Reporting Financial Information by Segment, issued in August 1981. In November 2006 the Board...

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Non‑current Assets Held for Sale and Discontinued Operations

In April 2001 the International Accounting Standards Board (Board) adopted IAS 35 Discontinuing Operations, which had originally been issued by the International Accounting Standards Committee in June 1998. In March 2004 the Board issued IFRS 5 Non‑current Assets Held for Sale and Discontinued Operations to replace IAS 35. Other...

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Business Combinations

In April 2001 the International Accounting Standards Board (Board) adopted IAS 22 Business Combinations, which had originally been issued by the International Accounting Standards Committee in October 1998. IAS 22 was itself a revised version of IAS 22 Business Combinations that was issued in November 1983. In March 2004...

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Share‑based Payment

In February 2004 the International Accounting Standards Board (Board) issued IFRS 2 Share‑based Payment. The Board amended IFRS 2 to clarify its scope in January 2008 and to incorporate the guidance contained in two related Interpretations (IFRIC 8 Scope of IFRS 2 and IFRIC 11 IFRS 2—Group and Treasury...

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Tax experts gather at the OECD to discuss solutions for common challenges in the design and operation of VAT systems

13/04/2017 – Approximately 300 participants, representing over 100 delegations from countries, jurisdictions and international organisations, as well as representatives from the business community and academia, gathered in Paris for the fourth meeting of the OECD Global Forum on VAT on 12-14 April 2017. The keynote address at this meeting was delivered...

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Transfer Pricing Aspects of Intangibles

Intangibles are one of the most challenging topics in the transfer pricing area, both from a theoretical perspective and because of the number and size of the disputes that arise in relation to their recognition and valuation.  This became obvious in the OECD project on the transfer pricing aspects...

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TAX CIRCULAR NO: 2019/12

      Number:   12 Date:   23.10.2019 TAX CIRCULAR NO: 2019/12 SUBJECT MATTER: The General Communique Under the Code of Tax Procedure No. 509 on Electronic Document Practices was promulgated on 19.10.2019.     The General Communique Under the Code of Tax Procedure No. 509, which contains...

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