Regulated-fee activities with transparent and predictable billing

The IASB has issued IFRS 20, the new International Financial Reporting Standard for rate-regulated activities. The standard introduces specific requirements for the recognition, measurement and disclosure of regulatory assets and regulatory liabilities, helping investors better understand the effects of rate regulation on an entity's financial performance, financial position and expected cash flows.

Author

IPG, Luca Malfatti

Activity area

Compliance, Tax Litigation

Sectors

Aerospace, Automotive, Finance

Eutekne__Attività a tariffa regolametata.pdfOpens in a new tab

IPG Journal

13/07/2026

Associates and joint ventures measured at fair value

The IASB clarifies which entities may apply the IAS 28 fair value option to investments in associates and joint ventures, also addressing its interaction with IFRS 18.

30/06/2026

The impact of the Swiss participation deduction on the Italian CFC regime

The article examines the impact of the Swiss participation reduction on the Italian CFC regime, focusing on the comparison between the foreign effective tax rate and the Italian domestic virtual tax rate. Although technically different from the Italian participation exemption, the Swiss regime may, in principle, qualify as fiscally equivalent where participation-related costs are fully neutralised for tax purposes. The assessment nevertheless requires a case-by-case analysis of the cost structure, the type of holding company and the composition of its income. The impact of the Swiss participation deduction on the Italian CFC regime

27/06/2026

Global Minimum Tax €750 Million Threshold: Long-Term Contracts Challenge the Concept of Revenue

The article examines the practical issues raised by the €750 million Global Minimum Tax threshold for groups operating under long-term contracts. Different accounting treatments of work in progress may shift or concentrate revenue across financial years, distorting the threshold calculation. The authors therefore call for a broader review of the concept of “revenue” for GMT purposes.

IPG Journal