At Forvis Mazars, we inform you about the recent developments and rules and regulations that can have impact on you or your organisation. Would you like to minimise your risks and maximise your opportunities? We have listed several noteworthy news items that can be of use to you.
Enterprise blockchain, now and in the future
11 February 2021 - Enterprise blockchain has been used within companies for more than five years, and celebrated its first lustrum at the end of 2020. That is why it is time for a (brief) review, the current state of affairs and a look into the future and possible applications within the transport sector.
Safe traffic starts in your own company
11 February 2021 - Safety is of paramount importance within the Transport and Logistics sector. In the article below, Walter Ploos, an expert in the transport sector, highlights various techniques that transport companies can use to increase the safety of their drivers and traffic.
Board report 2020
9 February 2021 - In the accompanying publication, we have included the most important requirements for the 2020 management report. We focus on the management reports of medium-sized and large non-listed legal entities. We have included examples for illustrative purposes. These examples are derived from the management reports of the nominees for the FD Henri Sijthoff Prize 2020 within the category "unlisted companies" (Nederlandse Spoorwegen, TenneT and Triodos Bank).
New guidelines for revenue reporting
1 February 2021 - At the end of 2020, the Dutch Accounting Standards Board published new guidelines for the reporting of revenues (RJ-Statement 2020-15). In the accompanying publication "New Revenue Reporting Guidelines," we have listed the following changes.
Update - Publication ‘Dutch GAAP versus IFRS’: similarities and differences
13 January 2021 - At the end of 2020, we published 'Dutch GAAP versus IFRS'. With that publication, we provide insight into the reporting rules in the Netherlands (Dutch GAAP) and the main similarities and differences with International Financial Reporting Standards (IFRS) for annual periods beginning on or after 1 January 2021. Just before 2021, the Dutch Accounting Standards Board (DASB) also published new accounting standards on revenue applicable for annual periods beginning on or after 1 January 2022. Earlier application is permitted. In chapter 18A of the publication we have included the main similarities and differences between Dutch GAAP and IFRS based on these new accounting standards.
Seven practical tips for WNT accountability
23 December 2020 - As an organisation, are you active in the (semi)public sector? Then you may have to deal with the Wet normering topinkomens (WNT). Drawing up the annual WNT justification is and remains a complex matter. Changes follow one another in rapid succession and the accountability must contain more information each year.
Update: Additional support for the Transport & Logistics sector
10 December 2020 - In the last months there have been several press conferences on the coronacrisis. In October 2020, Mark Rutte and Hugo de Jonge made clear that the current partial lockdown would last until December 2020. It is now December and we are still in the middle of the second corona wave which does not seem to end soon.
Amendment of Polish national tax law: the consequences for workers resident in Poland
9 December 2020 - Do you employ workers residing in Poland? Or are you a hirer of Polish workers? If so, a change in the law in Poland may have an impact on the final net income of these workers. This is an amendment to the Polish national tax law. The bill was accepted on 30 November 2020, and the new legislation will enter into force on 1 January 2021. We have listed the consequences of this legislative change.
Data, opportunities and bottlenecks of family businesses
1 December 2020 - Family businesses are an important linchpin for the Dutch economy and distinguish themselves from other businesses on specific characteristics. Due to the lack of data on family businesses, the developments of family businesses cannot be properly monitored, resulting in a lack of a targeted policy. For this reason, MPs Amhaouch and Palland have asked the government to make quantitative data on family businesses available, mapping out developments over a longer period of time.
The EU reaches agreement on export controls on sensitive dual-use of goods and technologies
27 November 2020 - The European Parliament and the European Council recently reached an agreement on the European Commission's proposal to modernize the EU export controls on sensitive dual-use goods and technologies. According to the publication of the European Commission, this new rules allow for the EU, without prior agreement with other countries, to address the risk of human rights violations related to the trade in cyber-surveillance technologies and to effectively protect interests and values.
Customs value may include free of charge software produced in the EU
25 November 2020 - The Court of Justice of the European Union (CJEU) concluded in the case of BMW (Bayerische Motorenwerke AG) - Hauptzollamt München (C-590/19) that the value of free of charge supplied software should be taken into account for determining a customs value of imported goods regardless of the fact that the software was developed in the EU.