Sustainability reporting standards and legislation finalised ... - PwC
Key changes from exposure draft proposals: AASB S1 has broadened to become a voluntary standard that can be applied to make sustainability disclosures for topics beyond climate (eg biodiversity, water usage). The AASB has sought to re-align the ASRSs with the ISSB’s IFRS S1 and IFRS S2 baseline.
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EPCM Contracts: Project delivery through engineering, procurement and construction management contracts PwC 4 * including designers, engineers and construction managers – where limited or non-recourse financing is in
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XVA explained - PwC
XVA explained Valuation adjustments and their impact on the banking sector December 2015 www.pwc.com.au
PwC An accountant’s perspective Internal costs – to capitalise or not to capitalise? The internal costs mini-series – what to expect Costs with respect to payroll and overheads may be incurred by a business to
Capital vs revenue? Greig’s case confirms it's all about the facts
Jul 27, 2020 · In detail. In the Greig case, the Full Federal Court (by majority) found that the disposal of shares by the taxpayer was on revenue account, and the loss made on particular shares were deductible under section 8-1 of the Income Tax Assessment Act 1997 (Cth) (ITAA 1997).In assessing whether the transaction constitutes a “business operation or commercial transaction” (FCT v Myer Emporium Ltd ...
ATO guide on market valuation for tax purposes - PwC
Oct 31, 2022 · The Australian Taxation Office (ATO) has released an updated guide on market valuations for tax purposes. Market valuations are relevant for a wide range of tax matters, including capital gains tax (CGT), employee share schemes, goods and services tax (GST), and tax consolidations, to name just a few. The ATO’s updated guide is intended to help taxpayers reduce the tax risks associated with ...
Superannuation update: Proposed $3 Million Superannuation Cap …
From 1 July 2025, the Government has proposed an ‘additional’ tax of 15% on earnings on an individual's superannuation benefits over $3 million at the end of a financial year. This 'additional' tax is to be known as Division 296 tax. We have summarised below the key points of the newly released draft legislation, which is open for comments …
Australia’s new thin capitalisation regime - PwC
Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Bill 2023, which contains major reforms to Australia’s thin capitalisation regime, has completed its passage through Federal Parliament. In this Tax Alert, we provide an overview of the final rules that will officially become law when the Bill receives Royal Assent.
inform.pwc.com 1 IFRS 9 impairment practical guide: intercompany loans in separate financial statements At a glance IFRS 9 requires entities to recognise expected credit losses for all financial assets held