Type of publication: Technical

Taxonomy-aligned Activities – Contribution, Impact & Compliance

Written on April 17, 2023.

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

The March newsletter addressed the Procedure for Taxonomy-eligible Activities. In this newsletter, Carsten Ernst – AGN’s Expert in financial (IFRS) and sustainability (ESRS and GRI) reporting, focuses on Taxonomy-aligned Activities. Does the economic activity contribute substantially to achieving one of the six environmental objectives? Does the economic activity result in no significant harm to the environmental objectives? Are the minimum safeguards according to Article 18 of the Environmental Taxonomy Regulation complied with?

AGN Taxpresso: Issue 1 2023 (Asia Pacific Tax Publication)

Written on April 11, 2023.

Richard Ashby – Chairman, AGN Asia Pacific Tax Committee. Welcome to our first issue of the 2023 AGN AP Taxpresso, a quarterly publication composed of articles drafted by members of our AGN Asia Pacific Tax Committee.

This edition is also my first as chairman of the committee, as Vimala hands over the reins of chairmanship, a position she has expertly managed since the AGN Asia Pacific Tax Committee was originally formed.

Importance of meeting Substance Requirements – The Netherlands

Written on March 24, 2023.

AGN EMEA Taxation Task Force (TTF) Newsletter

Does your client have a Dutch holding (finance) company or Dutch operations which are held by a foreign holding (finance) company with a limited function? If the answer is yes, it is important to consider the substance requirements. For tax purposes, the substance requirements are probably more relevant than expected!

What is the Procedure for Taxonomy-eligible Activities?

Written on March 15, 2023.

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

The February newsletter provided general information about the Application of the EU Taxonomy Regulation. In this month’s newsletter, we go into more detail on the procedure – the taxonomy-eligible activities, including green activities, enabling activities and transition activities.

Finance Act 2023 in France

Written on February 27, 2023.

AGN EMEA Taxation Task Force (TTF) Newsletter

The Finance Act for 2023 has been published. It increases the income tax scale by 5.4% and phases out the CVAE by 2024. Read the four main points below.

Application of the EU Taxonomy Regulation

Written on February 20, 2023.

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

With the new Corporate Sustainability Reporting Directive (CSRD) comes the obligation to apply the EU Taxonomy Regulation. The determination of taxonomy-eligible and taxonomy-aligned economic activities as well as the identification and disclosure of the environmental taxonomy ratios subject to mandatory reporting, are no easy task. I would like to briefly present to you what the EU Taxonomy Regulation was made for and how to proceed in its application.

Corporate Sustainability Reporting Directive (CSRD) – What are the objectives?

Written on January 16, 2023.

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

The CSRD was finally adopted on December 14, 2022. European member states now have 18 months to transpose the directive into national law. Since it contains almost no member state options, the CSRD will be reflected almost 1:1 in the national laws of the member states.

New Regulations for Transfer Pricing Documentation in Germany

Written on December 20, 2022.

From AGN EMEA Tax Committee members and AGN tax correspondents

In Germany, the EU Directive DAC7 has been implemented and included as part of the German tax law. How could the shortened submission deadlines and extended penalties affect you?

What is a Materiality Matrix?

Written on December 15, 2022.

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

Regarding sustainability, which topics are relevant can differ massively from company to company. A manufacturing company, for example, places more emphasis on occupational safety and employee health. At the same time, for a swimming pool operator, the energy balance and the elimination of chemicals for water purification are very relevant.