Global tax accounting services Newsalert

PwC Global Tax Accounting Services Group (TAS Group) has launched the latest version of its global tax accounting services quarterly newsletter that highlights issues that may be of interest to tax executives, finance directors and financial controllers.

PwC's global tax accounting services network is a leading provider of assistance to clients facing the complexities of tax accounting and related compliance issues in the multinational business environment.

Our TAS network can provide assistance with technical tax accounting issues, whether under US GAAP, IFRS or any local GAAP.

Such technical tax accounting issues include:

  • tax provisioning and forecasting
  • recognition, measurement and disclosure of Uncertain Tax Positions
  • tax reporting aspects of accounting for business combinations
  • deferred tax remediation projects
  • assistance in the preparation or review of IFRS, US GAAP, or local GAAP tax accounting obligations
  • effective Tax Rates analysis, assistance with the tax accounting aspects related to GAAP conversions
  • assistance in the selection, implementation and use of tax reporting tools
  • training on tax accounting
 

Latest issue: Q1 January-March 2012

This edition of the global tax accounting services newsletter covers:

  • Accounting related updates          
    • Acquisition of an interest in a Joint Operation  
    • Revenue recognition         
    • IASB and FASB project on leasing         
    • Update on UK adoption of IFRS  
  • Recent and upcoming major ta x law changes and the tax accounting implications
    • Some tax rate changes      
    • Important considerations in tax law changes    
  • Ta x accounting refresher 
    • Accounting for retroactive tax legislation           
    • Enactment v Substantive enactment      
  • PwC tax accounting resources    
 

Archives

Q4 October- December 2011

This edition of the global tax accounting services newsletter covers:

  • Tax accounting updates
    • Revenue recognition
    • IASB and FASB project on leasing
    • IAS 12 – Investment properties
    • IAS 12 – Corporate wrappers
    • SEC staff papers on IFRS
    • ASB and EFRAG Paper on Improving Tax Reporting
  • Recent and upcoming major tax law changes and the tax accounting implications
    • Loss utilisation limitation
    • Update on French rules on losses
    • Japanese tax rate changes and tax base broadening provisions
    • Some enacted tax rate changes
    • Important considerations in tax law changes
  • PwC tax accounting resources

Download (pdf) : Global tax accounting services newsletter - Q4 2011

Q3 July– September 2011

This edition of the global tax accounting services newsletter covers:

  • Tax accounting updates
    • IASB Agenda Consultation
    • IFRS 9 effective date
    • IASB and FASB project on leasing
    • PwC's point of view on income tax accounting – a comprehensive review
    • The impact of transfer pricing in financial reporting
  • Recent and upcoming major tax law changes and the tax accounting implications
    • Changes in French rules on tax losses and capital gains on shares
    • Summary of some tax rate changes enacted
  • PwC tax accounting resources

Download (pdf) : Global tax accounting services newsletter - Q3 2011

Q2 April – June 2011

This edition of the global tax accounting services newsletter covers:

  • Tax accounting updates
    • IASB and FASB provide an update on convergence
    • IFRS adoption in the United states
    • Joint IASB/FASB project on revenue recognition
    • IASB and FASB project on leasing
    • Outside basis difference - Practical matters
    • Interim reporting - Challenge for new IFRS/US GAAP filers from using the annualized tax rate
  • Recent and upcoming major tax law changes and the tax accounting implications
    • Reportable Tax Position Schedule for Australian tax returns
    • Summary of some tax rate changes enacted
  • PwC tax accounting resources

Download (pdf) : Global tax accounting services newsletter - Q2 2011

Q1 2011

This edition of the global tax accounting services newsletter covers:

  • Tax accounting updates
    • Hot topic - Tax accounting implications of the earthquake in Japan
    • Adjustment of IAS 12 for investment property at fair value
    • Joint IASB/FASB project on revenue recognition
    • IASB and FASB project on leasing
  • Recent and upcoming major tax law changes and the tax accounting implications
    • Schedule UTP for US tax returns
    • Summary of some tax rate changes enacted
    • Legislative proposals
  • PwC tax accounting resources

Download (pdf) : Global tax accounting services newsletter - Q1 2011

 

 

Q3 2010

This edition of the global tax accounting services newsletter covers:

  • Tax accounting updates
    • Income tax accounting under IFRS – Status of the IAS 12 project
    • US and IFRS Loss Contingencies projects – Recent developments
    • Joint IASB/FASB project on revenue recognition
  • Recent and upcoming major tax law changes resulting in tax accounting impacts
    • United Kingdom Finance Act 2010 – Consequential tax accounting implications
    • US – International tax provisions included in the Education Jobs and Medicaid Assistance Act (H.R. 1586)
    • US – Internal Revenue Service (IRS) modifies final Schedule UTP for reporting uncertain tax positions
    • US – Expiration of certain tax incentives in the United States and proposed tax extenders
    • Other tax rate and tax law changes that may have tax accounting implications
  • PwC tax accounting resources

Download (pdf) : Global tax accounting services newsletter - Q3 2010

Q1 & Q2 2010

This edition of the global tax accounting services newsletter covers:

  • Tax accounting updates
    • Income tax accounting under IFRS –Status of the IAS 12 project
    • Progressive reform of accounting for financial instruments – Tax accounting implications
    • Insight into the tax impacts of adoption of IFRS or IFRS for SMEs for statutory reporting purposes
    • US and IFRS Loss Contingencies projects – Potential impacts on taxes
    • The FASB and IASB leasing proposals – Tax impacts
  • Recent and upcoming major tax law changes resulting in tax accounting impacts
    • Venezuela – Currency issues and tax related impacts
    • The 2010 Mexican Tax Reform Law
    • US Internal Revenue Service (IRS) proposing disclosure of uncertain tax positions
    • Challenging accounting for UK bank payroll tax
    • Accounting for impact of recent US healthcare
    • Expiration of certain tax incentives in the United States and proposed tax extenders
    • Australian Tax Consolidation Law amendments
  • PwC tax accounting resources

Download (pdf) : Global tax accounting services newsletter - Q1 & Q2 2010