Accounting Standards


European Commission proposed new rules for more flexibility on VAT rates

The European Commission proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs ... Read More

OECD Supports States To Mirror EU’s Digital VAT Reforms

On October 24, the OECD released new implementation guidelines to support the collection of consumption taxes on cross-border sales. The guidance – Mechanisms for the Effective Collection of VAT/GST ... Read More

EU Council Approves VAT Derogation For Four States

In Volume 60 of the Official Journal of the European Union (L 265), published October 14, the European Council approved four proposals for council implementing decisions in respect of ... Read More

EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action

The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, ... Read More
European Commission

European Commission welcome digital taxation proposal

The European Commission has today welcomed a joint proposal from the so-called Big Four member states – France, Germany, Italy and Spain – on the taxation of large digital ... Read More

On anniversary of the global financial crisis, ACCA warns of new ethical risks

On the tenth anniversary of the global financial crisis, ACCA (the Association of Chartered Certified Accountants) warns that business cannot afford to be complacent about the importance of ethics. John ... Read More

The New EU Rules for Anti-Money Laundering and Tax Avoidance Enter Into Force

Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force The Juncker Commission has made the fight against tax avoidance, money laundering and terrorism ... Read More

How accountants can embrace Artificial intelligence; the next big think

Artificial intelligence (AI) is intelligence exhibited by machines. It is a field with a long history but currently is actively growing with applications in many industries and sectors. Google ... Read More

How accountants can become more efficient in 2017

Through the last decade, the Accounting industry has been through many changes. Accounting industry has became more technologically advanced and more efficient. As we are moving though the 2017, ... Read More
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KPMG: What the top considerations for Internal Audit in 2017

Competing in a rapidly changing world, companies must grapple with emerging challenges seemingly every day: cyber threats, emerging and potentially disruptive technologies, business performance risk and more. In this ... Read More
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