Accounting Standards

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New EU-wide tax system to offer more tax certainty in double taxation issues

The European Commission has announced that new EU rules come into force as from the 1st of July  to ensure quicker and more effective resolution of tax disputes between Member States, ... Read More
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Tax revenues in advanced economies have continued to increase; OECD research

Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research. ... Read More

European Commission released VAT Gap Frequently asked questions

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

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

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

ACCA published the five tenets of good corporate governance

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

Accountants professional body ACCA restructures its global markets

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

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

ACCA: What features a quality audit should possess

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

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
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