Mark Wiersma RA

KPMG has published the factsheet Dutch Accounting Standards. The factsheet summarises the most important changes in the standards for the financial years 2024 and 2025. It is highly recommended to take note of these changes, because they can easily be missed!

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KPMG has published the factsheet Dutch Accounting Standards. The factsheet summarises the most important changes in the standards for the financial years 2024 and 2025. It is highly recommended to take note of these changes, because they can easily be missed!

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Join BDO on November 26 to explore the implications of the newly agreed EU’s VAT in the Digital Age (VIDA) changes for organizations trading in the EU. https://bit.ly/48Lq1Lx

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This weekend, I’m setting out on my second Dodentocht in Bornem, a 100-kilometer journey that challenges both body and mind. Walking such a distance is a test of endurance, resilience, and mental fortitude. Blisters, aching muscles, and fatigue are all part of the experience—challenges to be embraced rather than feared. Drawing on Stoic philosophy, I’m reminded that while I can’t control the pain or the obstacles, I can control my response to them. Each step is an exercise in patience and perseverance, an opportunity to practice self-discipline and resilience. As Marcus Aurelius wisely said, "The impediment to action advances action. What stands in the way becomes the way." The Dodentocht is more than just a physical journey; it’s a path to self-discovery and growth. With each kilometer, I’m not just moving forward on the trail, but also reinforcing my commitment to personal and professional development. Onward and upward! #Dodentocht #EnduranceChallenge #100KM #StoicMindset #Resilience #PersonalGrowth #MentalFortitude #Perseverance #SelfDiscipline #MindOverMatter #OnwardAndUpward #GrowthMindset #ChallengeYourself #PushYourLimits #LeadershipJourney

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Edition 186 of Beyond the GAAP - our monthly newsletter on financial and sustainability reporting - is out 📣 Most notable item in this issue is the discussion of the IASBs proposals on seven topics (other than the three main topics discussed in last month's edition) covered by the draft amendments to IAS 32, IFRS 7 and IAS 1, as part of the project on financial instruments with characteristics of equity (FICE). In addition, we have outlined what you can expect from the IASBs future exposure draft on Renewable Power Purchase Agreements (PPAs and VPPAs), in particular around the use of the own-use exemption from IFRS 9 and hedge accounting with relation to such contracts. #ifrs #accounting #reporting #financialreporting #sustainabilityreporting #esrs #csrd #fice

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I had the pleasure of training collegues in our accounting & outsourcing practice today on similarities and important differences between IFRS and Dutch GAAP. Are you interested in running a similar training for your team? Please reach out to me! Coincidentally this is also the last time presenting a Mazars slide deck, since after this weekend Mazars will have formed a new global top-10 network with FORVIS under the name #ForvisMazars ! #accounting #reporting #ifrs #dutchgaap

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VATupdate Newsletter Week 46 2024 Highlights ·      E-Invoicing & E-Reporting developments in the news in week 46/2024 ·      E-Invoicing & E-Reporting developments in the news in week 45/2024 ·      Exciting News: VATUpdate is Now on Spotify! ·      The Impact of VIDA, E-Invoicing and AI on Future VAT Compliance ·      Saudi Arabia Sets Criteria for 17th Wave of e-Invoicing Integration: FATOORA Compliance Guidelines ·      Brazil’s Tax Reform and Its Impact on Electronic Invoicing ·      Peppol PINT invoice format becomes the default for B2G in A-NZ ·      GST E-Invoice Compliance: Upload Within 30 Days from April 2025 – Key Implications and Changes ·      ECJ VAT C-613/23 (Herdijk) – Judgment – Directors’ liability for VAT debts depends on individual circumstances ·      ECJ C-639/24 (FLO VENEER) – Questions – VAT Exemption Conditions and Evidence Requirements for intra-EU supplies| ·      ECJ - Detailed Explanation of the Concept of ‘Average Consumer’ in Case C-646/22 ·      ViDA Q&A: Can authorities impose an E-Invoicing mandate for domestic transactions if recipient is not established in that Member State? ·      Latvia Implements Mandatory E-Invoicing Law for B2B Transactions from 2026 ·      Poland - The Exciting Return of KSeF: Amendment, New Invoice Schema, and Project Phasing Updates ·      PDF invoices remain considered “electronic” one more year in Portugal

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Our new edition reporting requirements for listed entities has been published! This publication covers requirements for financial years starting on or after 1 January 2024. The most important changes compared to the 2023 edition of this publication are: - new requirements to report on income tax payments (paragraph 1.1.5); - elaborated description of information on gender diversity (paragraph 2.2.3.2); - update on sustainability reporting requirements (applicable for future accounting periods) (paragraph 2.2.3.3); - introduction of Corporate Sustainability Due Diligence Directive (CSDDD (applicable for future accounting periods) (paragraph 2.2.3.4); - update on requirements to provide non-financial information regarding sustainability (paragraph 2.2.4.2.2); and - update on electronic filing requirements (paragraph 8.3).

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Are you managing the Belgian subsidiary of a multinational business and looking to future-proof your accounting practices? 📈 At PwC, we leverage cutting-edge technology and deep expertise to provide comprehensive accounting and tax reporting solutions that fuel growth. Discover how our services can revolutionise your finance operations. https://lnkd.in/eEfFvVUy #Accounting #TaxCompliance #PwCBelgium

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Edition 188 of Beyond the GAAP - our monthly newsletter on financial and sustainability reporting - is out!📣 This edition contains an overview of standards and interpretations that are applicable as of 30 June 2024 - a handy overview when you are currently in the process of preparing interim financial statements! Other notable items include: - An overview of the redeliberations on the Post-Implementation Review of IFRS 9 impairment rules - The publication of an exposure draft on supply contracts for renewable energy (PPAs and VPPAs) with proposed amendments to IFRS 9 and IFRS 7 - The publication of interoperability guidance to ESRS (European Sustainability Reporting Standards) and ISSB Standards (International sustainability reporting standards) - Implementation guidance on ESRS as issued by EFRAG #ifrs #accounting #reporting #financialreporting #sustainabilityreporting #esrs #csrd #fice

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International expansion offers great potential for the growth of your business. But how can you give shape to your international ambitions? Whether you are entering the Dutch market from abroad for the first time, working with new foreign partners or shareholders, or looking to expand your Dutch business abroad: the advisors at Baker Tilly are ready to help you achieve your ambitions for growth. Read more here >> https://lnkd.in/eANeg-SC #bakertilly #taxadvice #internationalgrowth

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Tax professionals in the Netherlands are in high demand. But what are employers looking for? According to our latest tax salary guide, businesses require tax specialists that excel in areas of; transfer pricing, tax automation or compliance and reporting process optimization. Download our tax salary guide 2024 to find out more and benchmark your salary: https://lnkd.in/gPc_Z6dW #BrewerMorris hashtag #tax hashtag #taxrecruitment hashtag #taxsalaries

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📢 𝗘𝗬 𝗕𝗲𝗹𝗴𝗶𝗮𝗻-𝗗𝘂𝘁𝗰𝗵 𝗧𝗮𝘅 𝗦𝗲𝗺𝗶𝗻𝗮𝗿: 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗖𝗿𝗼𝘀𝘀-𝗕𝗼𝗿𝗱𝗲𝗿 𝗧𝗮𝘅 𝗥𝗶𝘀𝗸𝘀 🗓️ 9 & 16 October 2024 📍EY Rotterdam & EY Antwerp EY Belgium and EY Netherlands invite you to an exclusive tax seminar designed to equip you with the latest insights into cross-border tax legislation and practices. As Belgium and the Netherlands continue to strengthen their economic ties, understanding the nuances of tax and social security laws has never been more crucial. 🔍 What to expect: 📊 𝗟𝗮𝘁𝗲𝘀𝘁 𝗧𝗮𝘅 𝗧𝗼𝗽𝗶𝗰𝘀: Expert speakers will explore the latest tax updates affecting businesses in both countries, covering employment tax, social security, and corporate tax. 🎯 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗖𝗮𝘀𝗲 𝗦𝘁𝘂𝗱𝗶𝗲𝘀: Dive into real-world scenarios that shed light on the intricacies of cross-border employment and strategies to navigate them effectively. 💬 𝗜𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗤&𝗔 𝗦𝗲𝘀𝘀𝗶𝗼𝗻𝘀: Get your burning questions answered by our seasoned tax professionals in dedicated Q&A segments. 📅 Don't miss out on this chance to enhance your knowledge and network with industry peers. 🔗 To secure your spot, register now as space is limited! #EY #EYBelgium #EYNetherlands #TaxSeminar #CrossBorderTax #TaxLegislation #SocialSecurity #CorporateTax

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📢 𝗘𝗬 𝗕𝗲𝗹𝗴𝗶𝗮𝗻-𝗗𝘂𝘁𝗰𝗵 𝗧𝗮𝘅 𝗦𝗲𝗺𝗶𝗻𝗮𝗿: 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗖𝗿𝗼𝘀𝘀-𝗕𝗼𝗿𝗱𝗲𝗿 𝗧𝗮𝘅 𝗥𝗶𝘀𝗸𝘀 🗓️ 9 & 16 October 2024 📍EY Rotterdam & EY Antwerp EY Belgium and EY Netherlands invite you to an exclusive tax seminar designed to equip you with the latest insights into cross-border tax legislation and practices. As Belgium and the Netherlands continue to strengthen their economic ties, understanding the nuances of tax and social security laws has never been more crucial. 🔍 What to expect: 📊 𝗟𝗮𝘁𝗲𝘀𝘁 𝗧𝗮𝘅 𝗧𝗼𝗽𝗶𝗰𝘀: Expert speakers will explore the latest tax updates affecting businesses in both countries, covering employment tax, social security, and corporate tax. 🎯 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗖𝗮𝘀𝗲 𝗦𝘁𝘂𝗱𝗶𝗲𝘀: Dive into real-world scenarios that shed light on the intricacies of cross-border employment and strategies to navigate them effectively. 💬 𝗜𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗤&𝗔 𝗦𝗲𝘀𝘀𝗶𝗼𝗻𝘀: Get your burning questions answered by our seasoned tax professionals in dedicated Q&A segments. 📅 Don't miss out on this chance to enhance your knowledge and network with industry peers. 🔗 To secure your spot, register now as space is limited! #EY #EYBelgium #EYNetherlands #TaxSeminar #CrossBorderTax #TaxLegislation #SocialSecurity #Corporate

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Exciting news - the EU has reached agreement on VAT in the digital age (ViDA) proposal - https://lnkd.in/evB2hEMi The Economic and Financial Affairs Council (ECOFIN) of the European Union (EU) met to discuss changes to the EU VAT rules as part of the VAT in the digital age (ViDA) initiative, which was originally announced in December 2022. ECOFIN has now adopted all three pillars of the proposal, following the adoption of compromises to the original proposals made to satisfy all 27 Member States. The three ViDA pillars may be summarised as: ~ Digital Reporting Requirements (DRR) — Introducing common standardized Digital Reporting Requirements and e-invoicing for intra-community transactions (i.e., between Member States) ~ Platform Economy — Addressing the challenges of the platform economy for short-term rental of accommodation and passenger transport services by enhancing the role of digital platforms in collecting VAT ~ Single VAT Registration — Reducing VAT registration requirements in the EU by expanding the scope of the One Stop Shop (OSS) for imports and the reverse charge for business-to-business (B2B) transactions The directive and the regulation are subject to a special legislative procedure. The European Parliament will be consulted again on the agreed text. The text will then need to be formally adopted by the Council before being published in the EU’s Official Journal and entering into force.

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Last year, Belgium officially implemented the Pillar 2 rules, which introduce a minimum tax for companies like yours. To ensure compliance, all affected groups must register at the Crossroads Bank for Enterprises (Kruispuntbank van Ondernemingen / Banque Carrefour des Entreprises). Stay tuned, as the detailed guidelines outlined in a Royal Decree dated 15 May 2024 will soon be published in the Belgian Official Gazette (Belgisch Staatsblad / Moniteur Belge). In the meantime, you can find the preliminary information on the Pillar 2 section of the Belgian tax authorities' here: https://bit.ly/3WQtLY8

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Vanderlande, a leader in logistic process automation for the warehousing, airports and parcel sectors, has signed an agreement to acquire Siemens Logistics GmbH, a provider of sorting technology and solutions for airport logistics, from the company’s current owner Siemens for a purchase price of EUR 300 million. EY supported Vanderlande with an international team of experts and provided comprehensive buy-side services throughout the whole investment journey, including M&A support, Valuation, Financial-, Tax-, HR-, IT-/Cyber- and Deal Readiness-due diligence, as well as tax structuring and tax and financial related support for the transaction documents. Congratulations to Vanderlande on the successful acquisition from the whole EY team! Thank you very much for the great teamwork! For more insights about the transaction, read the full article: https://lnkd.in/dw8qnfkP #EYDeals #buyandintegrate #SaT #Tax

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Vanderlande, a leader in logistic process automation for the warehousing, airports and parcel sectors, has signed an agreement to acquire Siemens Logistics GmbH, a provider of sorting technology and solutions for airport logistics, from the company’s current owner Siemens for a purchase price of EUR 300 million. EY supported Vanderlande with an international team of experts and provided comprehensive buy-side services throughout the whole investment journey, including M&A support, Valuation, Financial-, Tax-, HR-, IT-/Cyber- and Deal Readiness-due diligence, as well as tax structuring and tax and financial related support for the transaction documents. Congratulations to Vanderlande on the successful acquisition from the whole EY team! Thank you very much for the great teamwork! For more insights about the transaction, read the full article: https://lnkd.in/dw8qnfkP #EYDeals #buyandintegrate #SaT #Tax

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