Новости

Eurostat consultation on the suitability of IPSAS for the EU Member States

The Statistical Office of the European Union (Eurostat) has issued a public consultation on the assessment of suitability of the International Public Sector Accounting Standards (IPSAS) for the Member States of the EU.

Tax avoidance will be seen as money laundering

The Financial Action Task Force (FATF) announced a very important step to include tax evasion to the “predicate offence” list of crimes in respect to money laundering.

This year Russia’s Eurobonds issuers won’t be taxed, but they will be in 2013

The finance ministry decided to temporary stay away from refilling the budget at the expense of coupon yield of Eurobonds issuers, but only temporary – next year it will all be slightly different.

IASB and FASB to host a series of outreach meetings on revised revenue recognition proposals

The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) will host a series of outreach meetings in March, April and May 2012 on their revised joint proposals for the recognition of revenue that were published in November 2011.

Current status of accounting and audit reforms in Turkmenistan

In July, 2010, the President of Turkmenistan issued a Decree approving the National Accounting and Audit Reform Program (NAARP). The Program aims to bring the national accounting and audit system in compliance with international standards and requirements of a market economy.

Global Accountancy Leaders Identify Key Issues for 2012

Respondents identified three issues of particular concern to the profession in 2012: the Difficult global financial climate, Enhancing the reputation/credibility of the profession, and Addressing the needs of SMPs and SMEs.

Duma ratifies the double taxation treaty with Cyprus

The State Duma of Russia has ratified the protocol which amends the Russian-Cypriot double taxation treaty where it is related to taxation of capital income.

Electronic documents are not for Russia’s financial markets yet

The main problem of electronic documentation on Russian financial markets is software: because of numerous errors with IT systems used by the Federal Financial Markets Service (FFMS, the main financial markets regulator) many companies are in danger of paying big fines for non-presentation of accountancy.

Russian lawmakers settling disagreements around the “tax maneuver”

The Ministry for Economic Development has sent its suggestions to the finance ministry (the “Minfin”) around the so-called “tax maneuver” and expects to coordinate them within a month.

Luxury tax may possible by adopted in Russia in 2013

A new tax on luxuries may be introduced in Russia in 2013. First of all, it will be applied to expensive houses, yachts and autos, judging from their current market price.