News updates
National
- Accounting analysis of the expenses associated with the process of approval of a creditors’ agreement, as well as the recognition of the income corresponding to the agreed reduction. [+Info]
The consultation analyses the accounting recording of the expenses associated with the negotiation of a judicially approved creditors’ agreement, with a ten-year waiver and a ten-year waiting period. It deals with advisors’ fees and the recognition of the income derived from the debt write-off, and its correct allocation in the income statement.
BOICAC issue 141/ April 2025-1
- Accounting criteria applicable to aid and subsidies received for damages arising from the DANA, as well as the recognition of losses on fixed assets. [+Info]
The consultation addresses the accounting treatment of direct aid and subsidies regulated in Royal Decree-Law 6/2024, intended for companies and professionals affected by the FOD between the 28th of October and the 4th of November 2024. It analyses their recognition and accounting classification, as well as the recording of losses in fixed assets caused by the damage, in accordance with PGC criteria.
BOICAC Issue 141/ April 2025-2
- Accounting treatment of salaries corresponding to temporary contracts to cover vacancies during the holiday period. [+Info]
The consultation deals with the accounting treatment of the salaries of temporary staff hired to cover the holidays of permanent staff.
BOICAC Issue 141/ April 2025-3
- Determination of the concept of business for accounting purposes in the context of a corporate merger process. [+Info]
The consultation raises the case of a company that is considering a merger with a subsidiary, which would bring the transaction within the scope of PGC Recording and Valuation Standard 21.ª, relating to transactions between group companies. However, the consulting entity understands that there is no transfer of business, but merely an acquisition of assets, and therefore considers that the recording and valuation rules corresponding to this type of transaction are applicable.
BOICAC number 141/ April 2025-4
- Extension agreement with maturities affected by the electricity crisis and widespread supply disruption. [+Info]
- Tax returns and self-assessments due by May 2025. [+Info]
- The Spanish Association of Tax Advisors (AEDAF) defends the primacy of taxpayers’ rights over the tax administration’s collection objectives. [+Info]
International
- International Sustainability Standards Board (ISSB) April 2025 update and availability of new informative podcasts. [+Info]
- ISSB presents an exposure draft with proposed amendments to IFRS (International Financial Reporting Standards) S2 to facilitate its applicability to companies. [+Info]
Barcelona, 6th of May 2025.
