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29 September 2016

In  order  to  comply  with  paragraph  30  in  IAS  8  Accounting  Policies,  Changes  in  Accounting  Estimates  and Errors entities need to make disclosures about new IFRSs that have been issued but are not yet effective when they have decided not apply the new IFRSs at their reporting date...

27 September 2016

This is a publication. IFRS INTERPRETATIONS COMMITTEE - AGENDA REJECTIONS (SEPTEMBER 2016) This Bulletin summarises issues that the IFRS Interpretations Committee (the Interpretations Committee) decided not to take onto its agenda at its September 2016 meeting, which were reported in its public

31 August 2016

Transfer pricing is increasingly influencing significant changes in tax legislation around the world. This 20th issue of [email protected] Transfer Pricing Newsletter focuses on recent developments in the field of transfer pricing in Germany, India, Japan, and Mexico.

07 July 2016

As reported in the previous issue of Indirect Tax News, VAT will be introduced in the Member States of the Gulf Cooperation Council (GCC). These Member States comprise Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE). It has already been announced that the UAE will...

07 July 2016

The UK’s vote on June 23rd to leave the European Union sent shockwaves through financial markets and the reverberations will continue for some time to come. Over the last few days we witnessed Mark Carney, President of the Bank of England, pledging GBP 250 billion to stabilise markets, the ECB...

04 May 2016

We know the commodity price slump has hit the oil and gas sector hard, but how are mining companies faring in 2016 so far? In the latest edition of BDO's Natural Resources Record, our team focuses on challenges and opportunities facing the mining industry, from a recap of the sector's premier...

03 May 2016

In May 2011 the International Accounting Standard Board (IASB) issued IFRS 11 Joint Arrangements, which superseded IAS 31 Interests in Joint Ventures and SIC-13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers. Because this treatment was rules-based, rather than principles...

03 May 2016

On 13 January 2016, the IASB issued IFRS 16 Leases, which supersedes IAS 17 Leases, IFRIC 4 Determining whether  an  Arrangement  contains  a  Lease,  SIC  15  Operating  Leases-Incentives  and  SIC  27  Evaluating  the Substance of Transactions Involving the Legal Form of a Lease.  Our global...

29 March 2016

It was recently announced that VAT is being implemented in the United Arab Emirates from 1 January 2018. The rate will be 5%. The rate will be 5% Healthcare, education and some basic food items will be exempt. 

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