Type of publication: Technical

European Sustainability Reporting Standards (ESRS) – Important Terminology

Written on July 18, 2023.

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

In this article, Carsten Ernst – AGN’s expert in financial (IFRS) and sustainability (ESRS and GRI) reporting, explains some important terminology in the European Sustainability Reporting Standards (ESRS), which are prepared by the European Financial Reporting Advisory Group (EFRAG).

The EFRAG must follow the guidelines of the CSRS. The European Commission adopts the ESRS and reviews them at least every three years.

AGN Taxpresso: 2023 – Issue 2 (Asia Pacific Tax Publication)

Written on July 10, 2023.

Inside this issue, Mandy Liu at AGN Member Fiducia in China provides insight into the impact of electronic invoices on China Enterprises. Rohan Kochhar at AGN Member Firm Vikas Kochhar & Associates in India provides insight into capital gains of non-residents.

Family Foundation in Poland – An Interesting Investment Vehicle

Written on June 28, 2023.

AGN EMEA Tax Committee News

On May 22, 2023, the Family Foundation Act entered into force in Poland.

The Family Foundation can be an interesting investment vehicle not only for people living permanently in Poland, regardless of whether they have assets here or not.

If the EU Commission asks the EFARG to square the circle

Written on June 15, 2023.

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

If the EU Commission asks the European Financial Advisory Reporting Group (EFARG) to square the circle, history will repeat itself, and Mr Eccles was unfortunately wrong! In this newsletter, we hear what Carsten Ernst, AGN’s expert in financial (IFRS) and sustainability (ESRS and GRI) reporting thinks of the situation. What is likely to happen? How will EFRAG deal with this?

AGN EMEA Tax Cards 2023

Written on June 12, 2023.

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

How Will Artificial Intelligence (AI) Impact Tax Work in the Future?

Written on May 25, 2023.

AGN EMEA Tax Committee News

AI has begun to play a large part in the accounting industry, with some of the larger players in the market embracing it and heavily investing in it as an integral part of their standard service offering.

What impact could AI have on how we work in the future? Should AGN firms start to embrace AI now?

Taxonomy Quotas – What You Need To Know!

Written on May 14, 2023.

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

In previous newsletters, Carsten Ernst – AGN’s Expert in financial (IFRS) and sustainability (ESRS and GRI) reporting, explained the EU Taxonomy Regulation, Taxonomy-Eligible Activities, and Taxonomy-Aligned Activities. This month, he addresses Taxonomy Quotas, including turnover, capital expenditures and operating expenses.

Upcoming Changes to Tax Law – Global Minimum Tax

Written on April 28, 2023.

AGN EMEA Tax Committee Newsletter

Learn about BEPS Pillar 1 and Pillar 2 and start planning now to overcome their challenges!

In early 2019, the Organization for Economic Co-operation and Development (OECD) launched the Base Erosion and Profit Shifting (BEPS) 2.0 project. The project aims to set a minimum baseline for corporate taxation to prevent multinational businesses from shifting profits from higher-tax countries to low-tax nations. Get an understanding of BEPS Pillar 1 and 2 and how the minimum taxation works.