News & Events

Superficial Losses

  • Superficial Losses
  • Rollovers Into Certain Personal Trusts
  • Splitting Pension Income With Your Spouse
  • Deduction Of Life Insurance Premiums
  • Prescribed Interest Rates
  • Around The Courts

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Issue 117

Introduction to Tax Link

Welcome to the May 2018 edition of Tax Link.

Tax Link is a Nexia publication that gives the readers access to the latest updates from across the globe. The articles were sourced from tax professionals across the network, who provide insightful country information on both national and international developments.

This edition contains 16 articles, that vary from tax reforms and legislative updates to digital technology changes across the industry. Interesting reads include: Ukraine highlighting the new stabilization measures put in place to improve their economy and Poland’s new ability to block taxpayer’s bank accounts for up to 3 months.

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Issue 28

Notes on the consolidated financial statements includes:

  • Required disclosures in the notes on the legal status of IFRS
  • Effects of new or amended standards and interpretations (IAS 8.28)
  • New or amended standards and interpretations not applied (IAS 8.30).

IASB includes:

  • IASB publishes amendments to IFRS 9
  • IASB finalizes amendments to IAS 28
  • IASB publishes exposure draft on IAS 8 entitled “Accounting Policies and Accounting Estimates”
  • Published exposure draft on the definition of “material”
  • Practice statement “Making Materiality Judgements” issued
  • Update of the IFRS Taxonomy for the submission of electronic financial statements.

Other standard setters includes:

  • Q&A document on the introduction of IFRS for SMEs.

EU Endorsement includes:

  • EU Endorsement Status Report.

ESMA includes:

  • ESMA 2018 key audit areas
  • ESMA issues further Q & As on the Guidelines on Alternative Performance Measures
  • ESMA: Enforcement decisions published.

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2018 Federal Budget

FEBRUARY 27, 2018 FEDERAL BUDGET TAX HIGHLIGHTS The highlights of the proposed tax changes of the recent Federal budget are outlined below. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. No one should act upon such information without appropriate professional […]

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