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Image header Agence Europe
Europe Daily Bulletin No. 13262
Contents Publication in full By article 16 / 33
ECONOMY - FINANCE - BUSINESS / Accounting standards

IASB amends IFRS for SMEs as part of international tax reform

On Friday 29 September, the International Accounting Standards Board (IASB) published amendments to the IFRS accounting standard for small and medium-sized enterprises (SMEs), which do not have to publish their accounts. These amendments result from the introduction of the rules of the Pillar II model of the OECD agreement on the minimum taxation of multinationals (see EUROPE B13253A33). 

They provide for temporary relief in the recognition of deferred tax. They also state that the...

Contents

COMMISSIONERS-DESIGNATE HEARINGS IN EUROPEAN PARLIAMENT
CLIMATE: in front of MEPs, Wopke Hoekstra advocates for continuity in EU’s climate action, without clearing all doubts
CLIMATE: Frans Timmermans’ appointed successor for European Green Deal, Maroš Šefčovič, to be heard by European Parliament ‘Environment’ Committee on 3 October
Russian invasion of Ukraine
UKRAINE/RUSSIA: European Foreign Affairs Ministers in Kyiv to reaffirm European support
AGRICULTURE: Ukraine calls on Europe to help it export its cereals at full capacity
SECTORAL POLICIES
ENERGY: electricity market reform, new proposals from Spanish Presidency of EU Council to break negotiations deadlock
ENERGY: Teresa Ribera wants to bring EU Council negotiations on reform of European electricity market to successful conclusion on 17 October
COHESION: CoR president calls for a ‘European Partnership Pact’ to make cohesion policy simpler and more flexible
DIGITAL: Member States, Commission and ENISA launch operational exercise to test EU preparedness for cyber security crises
DIGITAL: DSA, EU General Court confirms Amazon’s obligation to offer recommender systems not based on profiling to its users
AGRICULTURE: EU Member States confirm interinstitutional agreement on organic pet food
FISHERIES: Oceana calls for an extension of multiannual management plans in Mediterranean
TRANSPORT: European Commission must prioritise environmental performance in aviation, says Review Body
ECONOMY - FINANCE - BUSINESS
ECONOMY: Spanish Presidency of EU Council tests first option in reform of European fiscal rules
ECONOMY: green light for Spain’s revised plan, including a ‘REPowerEU’ chapter
FINANCE: retail investment strategy, Member States to discuss ban on commissions paid to advisors
ACCOUNTING STANDARDS: IASB amends IFRS for SMEs as part of international tax reform
INSTITUTIONAL
TRANSPARENCY: controversy over national parliaments’ access to EU Council’s legislative portal
SECURITY - DEFENCE
SPACE: nozzle design deemed responsible for failure of Vega-C firing test in June
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: European Union’s Employment and Social Affairs Ministers preparing to adopt message on development of social economy
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
WOMEN’S RIGHTS: Istanbul Convention enters into force in EU
NEWS BRIEFS
AGRICULTURE: European Commission approves new Finnish PGI
MONEY LAUNDERING: ESMA withdraws recognition decision of South African central counterparty
CLIMATE: 72 projects in running for €100 million in EU support for industrial decarbonisation
CULTURE: European Commission opens applications for New European Bauhaus Prizes 2024
ECONOMY: euro area inflation estimated at 4.3% in September
CIRCULAR ECONOMY: EU and China prepare roadmap for enhanced cooperation to be deployed in early 2024
ENERGY: European Commission welcomes outcome of first call for tenders under EU renewable energy financing mechanism
KENYA: EU Council invited to sign economic partnership agreement with Nairobi
MOLDOVA: Josep Borrell underlines importance of cooperation in security and defence
SOMALIA: EU condemns latest terrorist attacks on civilians by al-Shabaab group
SLOVAKIA: ‘European Green Party’ calls on ‘Party of European Socialists’ to exclude SMER party
TURKEY: EU and NATO condemn terrorist attack on Ministry of Interior
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