Location: Europe/Middle East/Africa

News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC):

On 29th April 2022, the European Financial Reporting Advisory Group (EFRG) launched the public consultation process to draft the ‘first set’ of EU Sustainability Reporting Standards (ESRS).

The Corporate Sustainability Reporting Directive (CRD) draft was submitted before the deadline of 8th August 2022 and included the application for the future ESRS.

A summary of the most relevant taxes in Europe, the Middle East & Africa.

News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC):

The EU Taxonomy Regulation serves to achieve the EU’s climate and environmental sustainability goals. The following six environmental goals determine the classification of environmentally sustainable economic activities:

AGN EMEA Taxation Task Force (TTF) Newsletter

The decisive factor for wage tax liability in the international assignment of employees is which state is entitled to the right of taxation and who has to pay the wage tax. In many cases, it depends on who is regarded as the “economic employer”.

Updates from the AGN EMEA Accounting, Auditing & Education Committee (AAEC): The Corporate Sustainability Reporting Directive (CSRD) contains an important clarification to the effect that both the “inside out” and the “outside in” perspectives are relevant with regard to the identification of potentially reportable matters.

AGN EMEA Taxation Task Force (TTF) Newsletter

For a long time, Ireland has been considered a favourable location for International Groups considering incorporating a holding company or relocating part of their trading activities to Ireland.

Many midsized and smaller enterprises have also chosen Ireland as a location for their International operations when expanding overseas. In addition to the tax advantages of relocating to Ireland – read on for more detail, Ireland has consistently ranked highly on numerous ease of doing business ratings.

On 9 – 11 June, seventy-nine delegates and eleven companions enjoyed a mixed programme of valuable business-related content, team-building exercises and fun social activities, emphasising the importance of connecting face-to-face.

On 11th May 2022, AGN UK NextGen members gathered in Edinburgh.

The conference followed the theme of the early stages of an accountant’s career – the major challenges an individual faces as they progress from trainee to partner.

On 6 – 7 May 2022, AGN members in the West Asia & Africa (WAA) region met in Dubai for the AGN International Business Workshop.

The workshop allowed members to reconnect with AGN contacts in person, meet new faces and forge stronger relationships with some key European members, and discuss how to strengthen cross-border business opportunities.

AAEC Newsletter: March 2022

In our January newsletter, we discovered what information to report. In our February newsletter we revealed which standards SME clients should use as a basis for the voluntary preparation of their sustainability report.

In this month’s AAEC newsletter, we determine what the proposed CSRD envisages – concerning the deadline, the person(s) in charge and the format of the sustainability reporting.