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Tourism sector Hotel industry: Navigating the impact of COVID-19
The hotel industry is dealing with an unprecedented crisis due to the disruption caused by the global COVID-19 pandemic. With hotels shut or operating at
Blog.VAT Update: Temporary introduction of a reduced VAT rate of 5 % from 1 July 2020
The temporary introduction of a 5 % VAT rate for areas particularly affected by COVID-19 was unanimously approved by the National Council on Tuesday, 30 June
IFRS Events after the reporting period
If the widespread impact of COVID-19 began during the entity’s reporting period, the impact will be reflected in its financial statements for that period.
IFRS.Alerts IFRS: Latest Alerts
The International Accounting Standards Board (IASB) regularly publishes new International Financial Reporting Standards (IFRS), Interpretations of Standards
Blog.Vat As of 1 July 2020: Temporary introduction of a reduced VAT rate of 5%
In order to support the areas of gastronomy, culture and publications, which are particularly affected by COVID-19, an initiative motion on the temporary
IFRS Five accounting considerations relating to revenue recognition
As a result of COVID-19 entities are generally expecting to experience significant declines in revenue and decreases in progress of delivery of performance