Ahead of the holidays, we're back with another issue and some exciting news.
On 10 July 2025, the German Federal Ministry of Justice and Consumer Protection published a new draft bill on the implementation of the Corporate Sustainability Reporting Directive (CSRD). On 10 July 2025, the Federal Ministry of Justice and Consumer Protection published a new draft bill on the implementation of the Corporate Sustainability Reporting Directive (CSRD), which we will inform you about here.
In addition, the Council of the European Union (EU) reached an agreement on a position on the EU Commission's proposals for the first omnibus package. In addition, the EU Commission has adopted two delegated acts, one to simplify reporting in accordance with the EU Taxonomy Regulation and a second to simplify ESRS reporting.
The EU has also published a regulation in the Official Journal adopting the amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures are adopted. Furthermore, the Institut der Wirtschaftsprüfer in Deutschland e. V. (IDW) has published a technical note on the effects of geopolitical uncertainties and risks on half-year financial reporting as at 30 June 2025 in accordance with IFRS.
We are currently informing you about the effects of the reduction in the corporation tax rate. With the Federal Council's decision, the tax rate change will not only have an impact on the future actual taxation of companies, but also on the calculation of deferred taxes.
Finally, we have prepared another article for you on global customs policy.
Here you will find an overview of all topics of the past Accounting News (Download PDF, 0.5 MB).
Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
