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| 1. ''Tax''.
| | Peso is a widely used name for the currencies of a number of different countries including Argentina, Chile, Colombia, Cuba, Mexico, the Philippines and Uruguay. |
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| A formal choice communicated by a taxpayer to a tax authority, to use a particular (beneficial) tax rule.
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| | The peso was historically a Spanish silver coin. |
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| 2. ''Financial reporting''.
| | Spain now uses the euro. |
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| A choice about an accounting treatment, which must be formally evidenced and will not normally be readily reversible.
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| For example, an election under IFRS 9 to classify certain items as Fair value through other comprehensive income (FVTOCI).
| | ==See also== |
| | *[[Argentina]] |
| | *[[EUR]] |
| | *[[Mexico]] |
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| | | [[Category:The_business_context]] |
| == See also ==
| | [[Category:Financial_products_and_markets]] |
| * [[Claims and elections]]
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| * [[Determination]]
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| * [[FVTOCI]]
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| * [[Financial reporting]]
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| * [[IFRS 9]]
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| * [[IFRS: issues for the treasurer]]
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| * [[Tax computation]]
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Latest revision as of 16:21, 8 December 2019
Peso is a widely used name for the currencies of a number of different countries including Argentina, Chile, Colombia, Cuba, Mexico, the Philippines and Uruguay.
The peso was historically a Spanish silver coin.
Spain now uses the euro.
See also
