The Czech Statistical Office has published an updated version of the informative manual summarizing the rules for Intrastat reporting in 2023. The manual is published annually and although not legally binding, it serves as a practical aid for the preparation of Intrastat reports.

12 December 2022, Prague – The International Audit, Tax and consulting Company Mazars has issued its fifth Financial Reporting of European Banks study focusing on the level of their expected credit losses (ECL). The main findings of the study include a decrease in the number of unpaid receivables due to support offered by the relevant governments during the pandemic. At the same time, it also pays attention to concerns about geopolitical instability and the subsequent energy crisis in the context of the war in Ukraine.

We keep you informed of the discussions on the revolutionary changes to the international taxation system under consideration, both at OECD and EU level.

CMS launched last week its 10th edition of annual European M&A Outlook -- published each year in association with Mergermarket and offering a comprehensive assessment of dealmaking sentiment across Europe’s M&A market, the report is based on interviews with hundreds of corporates and private equity firms based in Europe, the Americas and Asia-Pacific about their expectations for the European M&A market in the year ahead. Headline news download and a short video with highlights of the study can be found here! As always, there is lots of content that can be of interest – from what expectations are for the European M&A landscape in the next months/ year and what is likely to drive activity, to ESG rising up the M&A agenda.