Spotlight on reporting gives you monthly insights on financial reporting from around the global PwC network and from our specialists in Aotearoa New Zealand.
Mā te whakaatu i ngā kōrero ā mārama mō ngā ripoata pūtea o te ao mai i PwC me a mātau tohunga ki Aotearoa nei e mārama ai koe.
In Brief: Navigating the proposed removal of tax depreciation: Key considerations for businesses
On 28 March 2024, the New Zealand government (the “Government”) enacted the removal of tax depreciation deductions of industrial and commercial buildings. Some of the considerations will be similar to those that arose in 2010 when tax depreciation was first removed. However ‘switching on’ tax depreciation in 2020 for a period then ‘switching it off’ again introduces additional complexities. In this publication we highlight key commercial, tax and financial reporting complexities businesses should be thinking about.
What does IFRS have in store for 2024?
With 2024 set to be the year of IFRS 18 Presentation and disclosure in financial statements and IFRS 19 Subsidiaries without public accountability: Disclosures, our experts take a look at the IASB's standard-setting agenda for the year. Both IFRS 18 and IFRS 19 are expected to be issued in April 2024. Our Spotlight on Reporting will keep you updated on what you should be thinking about in relation to these developments.
IFRS talks about…PwC’s Global Investor Survey
Listen to our experts discuss what investor’s want to know about how companies are managing crises and staying resilient while creating and protecting long-term value.
March 2024 year-end reminders
Our March 2024 Year-end reminders outline topical issues to consider for entities with a March year-end.
PBE threshold review
The XRB announced that it has increased the Public Benefit Entity (PBE) tier size thresholds from $2 to $5 million total expenses for tier 3, and from $30 to $33 million total expenses for tier 2 PBEs. The new thresholds apply to accounting periods ending on or after 28 March 2024. This allows an entity with a financial year ending on 31 March 2024 to apply the new thresholds immediately.
Illustrative financial statements 2023: Investment property groups
Our latest investment property groups illustrative financial statements for 2023 are out now.
Contact us
If you wish to discuss these or any other GAAP related matters, please contact your usual PwC adviser or one of the following financial reporting specialists:
Ki te hiahia koe ki te kōrero mō ēnei kaupapa, ki ētahi atu kaupapa rānei e pā ana ki te GAAP, tēnā koa waea atu ki to kaitohutohu PwC, tētahi rānei o ngā kaitohutohu pūrongo putea e whai ake nei:
