Informative news
National
- Accounting treatment of the amount paid between companies for the assignment of a public works contract with an administration. [+Info]
According to the consultation, with the prior approval of the contracting authority, company A assigns its position as contractor to another commercial construction company, company B, without any connection, in exchange for a fixed price and does not depend in any way on events subsequent to the assignment.
BOICAC Issue 139 / September 2024 – 1
- Tax rate to be applied by a company in the recognition of a tax credit when its net turnover in 2022 did not exceed one million euros and in 2023 it has experienced losses. [+Info]
The accounting of deferred tax assets for the right to offset tax losses in subsequent years is regulated in section 2.3 of the Recording and Valuation Rule (NRV) 13.ª Income Taxes, contained in the second part of the General Accounting Plan (PGC), approved by Royal Decree 1514/2007, of 16 November, as follows: ‘In accordance with the principle of prudence, deferred tax assets shall only be recognised to the extent that it is probable that future taxable profits will be available to the company that will allow the application of these assets.
BOICAC Issue 139 / September 2024 – 2
- Accounting record of the income generated by a company dedicated to the development of R&D&I projects. [+Info]
The enquiry concerns a company whose main activity is the development of R+D+I projects. These projects, recorded as intangible fixed assets, are developed specifically for each customer and tailored to their specific needs. The products resulting from the project are then sold to the respective customer.
BOICAC Issue 139 / September 2024 – 3
- Declarations and self-assessments with a filing deadline of November 2024. [+Info]
- Publication on 28 October 2024 of the Ministerial Order regulating the Computerised Invoicing Systems and VERI*FACTU. [+Info]
International
- IASB (International Accounting Standards Board) October 2024 update published. [+Info]
- Agenda and documents for November’s 2024 IFRS (International Financial Reporting Standards Board) Advisory Board meeting are now available. [+Info]
- The Integrated Reporting and Connectivity Council met on the 6th of November, where they discussed, among other topics, the future of corporate reporting. [+Info]
Barcelona, 15th of November 2024.
