Commission Regulation (EU) No 634/2014Show full title

1. Introductory Text

2. Article 1. In the Annex to Regulation (EC) No 1126/2008, IFRIC Interpretation...

3. Article 2. Each company shall apply IFRIC Interpretation 21 Levies, at the...

4. Article 3. This Regulation shall enter into force on the third day...

5. Signature

6. 1. ANNEX

      INTERNATIONAL ACCOUNTING STANDARDS

      1. IFRIC 21 IFRIC Interpretation 21 Levies

         1. REFERENCES

         2. BACKGROUND

            1. 1. A government may impose a levy on an entity. The...

         3. SCOPE

            1. 2. This Interpretation addresses the accounting for a liability to pay...

            2. 3. This Interpretation does not address the accounting for the costs...

            3. 4. For the purposes of this Interpretation, a levy is an...

            4. 5. A payment made by an entity for the acquisition of...

            5. 6. An entity is not required to apply this Interpretation to...

         4. ISSUES

            1. 7. To clarify the accounting for a liability to pay a...

         5. CONSENSUS

            1. 8. The obligating event that gives rise to a liability to...

            2. 9. An entity does not have a constructive obligation to pay...

            3. 10. The preparation of financial statements under the going concern assumption...

            4. 11. The liability to pay a levy is recognised progressively if...

            5. 12. If an obligation to pay a levy is triggered when...

            6. 13. An entity shall apply the same recognition principles in the...

            7. 14. An entity shall recognise an asset if it has prepaid...

      2. Appendix A

         Effective date and transition

         1. This appendix is an integral part of the Interpretation and...

         2. A1 An entity shall apply this Interpretation for annual periods...