Accounting Standards

vat

European Commission released VAT Gap Frequently asked questions

27/09/2018(0)
The European Commission has published a Fact Sheet with Frequently asked questions about the VAT Gap, that refers to the overall difference between the expected VAT revenue and the amount ... Read More
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International fight against tax fraud steps up a gear

05/07/2018(0)
The UK, Canada, the Netherlands, the United States and Australia have launched an international tax and anti-money laundering team. The Joint Chiefs of Global Tax Enforcement (J5) body will ... Read More
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European Commission finds Luxembourg gave illegal tax benefits

28/06/2018(0)
The European Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. This is illegal under ... Read More
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ACCA published the five tenets of good corporate governance

10/05/2018(0)
ACCA (the Association of Chartered Certified Accountants) has published a report examining the interrelation between businesses and society, and the importance of good corporate governance in facilitating a positive ... Read More
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Accountants professional body ACCA restructures its global markets

27/04/2018(0)
The Association of Chartered Certified Accountants (ACCA), the global body for professional accountants, has issued an announcement to inform about its revised structure. The global market portfolio for ACCA ... Read More
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Europe’s digital tax map: Where countries stand

12/04/2018(0)
The European Commission’s proposal to introduce a temporary levy to tax the revenues of digital giants is causing deep divisions between European countries, according to a POLITICO analysis of ... Read More
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ACCA: What features a quality audit should possess

22/02/2018(0)
A quality audit is vital to public confidence in the audit process and its value. However, the key elements of a quality audit can sometimes exist in mutual tension, ... Read More
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European Commission proposed new rules for more flexibility on VAT rates

24/01/2018(0)
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
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OECD Supports States To Mirror EU’s Digital VAT Reforms

27/10/2017(0)
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
VAT

EU Council Approves VAT Derogation For Four States

20/10/2017(0)
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
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