Every supply – whether of goods or services – has four possible VAT treatments: standard-rated, zero-rated, exempt or outside the scope of VAT.
News Articles
UAE eases first-year corporate tax rollout with late registration penalty waiver
Businesses can avoid fines if initial tax returns filed in 7 months of first tax period
Republican proposal to abolish PCAOB sparks debate
The plan is part of a wider reform effort supporting President Trump’s deregulatory agenda.
Hungary announces historic tax cuts for mothers: “Global sensation!”
Hungarian Prime Minister Viktor Orban has introduced what he calls the “largest tax cut in Europe and the entire Western world”.
Global economy set for reasonable growth in 2025 according to ACCA, but uncertainty abounds
Uncertainty is extremely elevated with all eyes on the White House
Top Australian CEO unleashes about his workers’ bad habit
The boss of a prestigious accounting firm has admitted he hates watching his staff go out for coffee while clocked on, especially since he has extended their weekends.
Samsung gets first woman CEO outside founding family for 1st time in 86 yrs
In a country where women business leaders have long struggled, Kim Kyung-Ah as president and CEO of Samsung Bioepis Co, is a story likely to inspire the next generation of executives
These EU countries have the highest tax-to-GDP ratio
Tax-to-GDP ratio has seen a slight decline across the EU in 2023. However, trends varied significantly amongst different countries.
FRC: Big Four achieve operational separation milestone
The Financial Reporting Council (FRC) has today announced the four largest audit firms (Deloitte, EY, KPMG, PwC), have concluded the transition period of operational separation.
UAE to require private companies to have women on boards of directors under gender equality drive
The decision by Ministry of Economy will come into effect from January 2025
