Live webcasts on offsetting exposure draft

On Monday 31 January the IASB will be hosting two live webcasts on the financial asset and financial liability offsetting exposure draft. The sessions will take place at 10am (UK time) and 3pm (UK time).

IASB proposes an amendment to the accounting for government loans in IFRS 1

The IASB has published for public comment a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards.

Fight against Fraud: Commission publishes Annual Report

European Commission - Press release Brussels, 29 September 2011 - Today the European Commission published its Annual Report on the Protection of the EU's Financial Interests and the Fight against Fraud in 2010....

The Global Forum on Tax Transparency welcomes Romania as new member

Romania has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 118th member of the Global Forum, it will participate in the peer review process which encourages all countries to adopt effective exchange of info...

Taxation: EU/US Dialogue on the Foreign Account Tax Compliance Act

IP/11/413 Brussels, 6 April 2011 In a letter sent to the US tax authorities this morning, the Hungarian Presidency of the Council of the European Union and the European Commission invited the US authorities to engage in a dialogue on how to best achiev...

OECD updates Multi-Country Analysis of Existing Transfer Pricing Simplification Measures

OECD updates Multi-Country Analysis of Existing Transfer Pricing Simplification Measures

OECD: Comments received on the definition of “permanent establishment” – Article 5 of the...

On 25 June 2013, the OECD released for public comment a discussion draft on the tax treatment of various payments that may be made following the termination of an employment. The OECD has now published the comments received on this discussion draft.

OECD reports new developments in tax information exchange

OECD Secretary-General Angel Gurria has presented a report to G20 Finance Ministers and Central Bank Governors that highlights measures to ensure that all taxpayers pay their fair share.

OECD welcomes progress towards revision of the Russian Federation’s transfer pricing law

OECD Secretary-General, Angel Gurría, welcomed the recent proposal of new draft transfer pricing legislation by the Russian Federation’s Ministry of Finance.

Tax Crime: Launch of the Oslo dialogue

Outcomes of the Tax and Crime conference held in Oslo on 21-23 March which brought together over 150 participants from 54 delegations to discuss a “whole of government” approach to fighting crime.

Taxation: reforms to improve economic performance

Many governments are facing historic high levels of deficit and debt. Public spending has risen and they are taking in less money as tax revenues fall - more than 10% in some countries. Governments are attempting to consolidate their budgets, looking f...

Revenue Statistics country note for Switzerland

Revenue Statistics: Country note for Switzerland

Operation of preferential trade to become easier between the European Union, the partners of...

IP/11/502 Brussels, 19 April 2011 Operations of preferential trade to become easier between the European Union, the partners of the Southern Mediterranean and the Western Balkans The Council of the EU has decided to launch the process of signing the re...

Tax revenues continue to rise across the OECD

Tax revenues continue bouncing back from the low levels reported in almost all countries during 2008 and 2009, at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication. The average tax reven...

Tax: Tunisia signs multilateral agreement on fiscal co-operation and strengthens its links with the...

During his visit to Tunisia, the Secretary-General of the Organisation of Economic Cooperation and Development (OECD), Angel Gurria, met with the Tunisian Prime Minister in order to discuss the co-operation between Tunisia and the OECD.

Tax: OECD calls for increased international tax co-operation

OECD Secretary-General Angel Gurría said countries must boost international co-operation as they redesign their tax systems to meet future revenue needs and economic competitiveness challenges.

Tax: The Global Forum welcomes Kazakhstan as new member

Kazakhstan has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 110th member of the Global Forum, it will participate in the peer review process which encourages all countries to adopt effective exchange of i...

Monitoring Board provides update on governance review

The Monitoring Board has provided an update following their meeting on 6 December 2010 in Tokyo regarding the review of the governance framework around the Monitoring Board and the IFRS Foundation.

EC: Decision to authorise enhanced cooperation on a Common Financial Transaction Tax

The 10 Member States that wish to apply an EU financial transaction tax (FTT) through enhanced cooperation should be allowed to do so, because...

Taxing Wages: Country note for Italy

This annual publication provides details of taxes paid on wages in all thirty-four member countries of the OECD.

G20 Leaders Summit: Financial Regulation Session

At this Financial Regulation Session of the G20 Leaders Summit, M. Gurría spoke of 'a comprehensive reform of the international financial architecture that should include financial inclusion, protection and education'.

Trustees publish preliminary conclusions of strategy review for public comment

The Trustees of the IFRS Foundation have published for public comment the preliminary conclusions of their strategy review.

Trustees appoint Hans Hoogervorst to succeed Sir David Tweedie

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), today announced the appointment of Hans Hoogervorst as chairman and Ian Mackintosh as vice-chairman of the IASB.

IFRS Foundation charts progress towards global adoption of IFRS

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OECD Working Party No. 6 releases a discussion draft on the Transfer Pricing Aspects...

OECD Working Party No. 6 releases a discussion draft on the Transfer Pricing Aspects of Intangibles

Revenue Statistics country note for Mexico

Revenue Statistics: Country note for Mexico

ECOFIN Council: Main results of the meeting on 4 December 2012

On 4 december 2012, the ECOFIN Council debated proposals on bank supervision that are a key part of a broader plan to establish a...

IASB clarifies accounting for costs associated with waste removal in surface mining

The IASB has issued an Interpretation clarifying the requirements for accounting for stripping costs in the production phase of a surface mine. The Interpretation was developed by the IFRS Interpretations Committee, the interpretative body of the IASB.

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