Version in force , Modified +318 −12§
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
Point (b) is unchanged in substance but now ends with a semicolon instead of a full stop, and a new point (c) is added.
The new point (c) states that the amount to be deducted is to be reduced by the amount of the accounting revaluation of subsidiaries' intangible assets derived from consolidation of subsidiaries that is attributable to persons other than the undertakings included in the consolidation under Chapter 2 of Title II of Part One.
The earlier version contained only points (a) and (b) with no equivalent provision on accounting revaluation of subsidiaries' intangible assets.
Cited: Art. 37, v2 (external, EUR-Lex) · Art. 37, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 26 April 2019 02013R0575-20190426 → this version, in force 27 June 2019 02013R0575-20190627
Article 37
Deduction of intangible assets
Institutions shall determine the amount of intangible assets to be deducted in accordance with the following:
(a) the amount to be deducted shall be reduced by the amount of associated deferred tax liabilities that would be extinguished if the intangible assets became impaired or were derecognised under the applicable accounting framework;
(b) the amount to be deducted shall include goodwill included in the valuation of significant investments of the institution. institution;
(c) the amount to be deducted shall be reduced by the amount of the accounting revaluation of the subsidiaries' intangible assets derived from the consolidation of subsidiaries attributable to persons other than the undertakings included in the consolidation pursuant to Chapter 2 of Title II of Part One.