The year 2020 has been an exceptionally challenging year so far due to the Outbreak of COVID-19. The effects of COVID-19 will require companies to adjust their systems that interact with financial reporting requirements. In this article, we have covered the financial guarantee contracts that are...

The Federal Tax Authority (‘FTA’) has published a guide on E-commerce (also known as electronic commerce or digital economy) clarifying the VAT treatment that should be adopted for the supply of goods and services electronically. The guide mainly discusses two types of transactions;Goods...

BDO EUROPEAN SURVEY – COMBATTING THE CRISIS WITH BUSINESS RESILIENCE:How European business leaders are responding to the implications of the global pandemic

In this article, we discuss the changes introduced by the new ESR legislation, the impact of these changes as well as a consideration of monitoring ESR compliance by the relevant authorities and licensees. 

This update summarises all IFRS standards into 1-5 pages each, and includes all IFRS standards and amendments issued up until 30 June 2020. If you are looking for a concise summary of the requirements of IFRS, this publication series is a great tool for CFOs, students and anyone looking to...

This publication answers dozens of questions that lessees have been asking with regards to the recent amendments to IFRS 16: COVID-19 related rent concessions. The Bulletin answers how to assess whether a lessee may apply the practical expedient, how the underlying calculations should be done...

BDO has released its most up to date guidance on IAS 36, Impairment of Assets. The recent effects of COVID-19 have highlighted the amount of complexity that may arise as entities apply IAS 36 to test for impairment on their PP&E, lease assets, goodwill and intangibles.The publication may be...