Where am I considered as tax resident? The question of tax residency is the decisive factor of taxation. It determines both national and international taxing rights and thus defines in which country an individual must pay tax on their worldwide income.
IFRS Alerts covering the latest changes published by the International Accounting Standards Board (IASB).
Entities should begin preparing for IFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later. Changes from IAS 1 ‘Presentation of Financial Statements’ could have a significant impact on the financial statements.
Jutting out into Austria’s skyline, emerging from the surrounding forest, lies an ancient medieval wonder – Hochosterwitz Castle. The thousands of tourists that flock here every year soon learn a surprising fact: it is one of only a very small number of castles around the world that has never been breached.
In the case of a posting, workers pursue their activity in another Member State on a temporary basis. If employees are posted abroad on business by their employer, insurance contributions abroad may be payable in addition to social security contributions in Austria. In order to prevent this, posted employees need the so-called A1 form as proof of posting. They can use it to document which social insurance system is responsible for them in an EU/EEA country.
The G20 has endorsed the The Organisation for Economic Co-operation and Development’s (OECD’S) roadmap for resolving the ‘tax challenges arising from the digitalisation of the economy’. The reallocation of profits and minimum tax proposals that have emerged following a recent round of consultations could put an end to the arm’s length principle that has governed transfer pricing for decades.
The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB) with the potential to significantly impact the presentation of a complete set of financial statements.
On 12 June 2019, the Hungarian Parliament approved a bill that will see the social contribution tax and the simplified contribution to public revenues decrease from 19.5% to 17.5% from 1 July 2019. For companies with internationally mobile employees, the reduction in social tax cost is a welcome move that reduces overall assignment cost to the business and further limits tax cost for employees.
Global business is facing a wave of disruptive influences that look set to spark the Fourth Industrial Revolution. We explore how the way professionals work is evolving, the leadership skills that will be needed within the dynamic mid-market to thrive, and how organisations can stay competitive in the war for talent and customers in 2030.
Der fehlende internationale Konsens über die Besteuerung der digitalen Wirtschaft schafft ein Vakuum der Unsicherheit. Also, was kommt auf den Horizont und wie kann Ihr Unternehmen mit den Auswirkungen umgehen?
The lack of international consensus on taxing the digital economy is creating a vacuum of uncertainty. So, what’s coming up on the horizon and how can your business deal with the implications?
The IASB has published a revised Conceptual Framework that clarifies and updates its existing guidance.
International taxation is undergoing the biggest shake-up for a Generation.
Key considerations to respond changing stakeholder demands
Grant Thornton’s International Business Report (IBR) finds that global optimism in the economic outlook has reached an all-time high at net 61% [i] in Q1 2018, underpinned by a broad-based economic recovery.
IFRS News is your quarterly update on all things relating to International Financial Reporting Standards.
New research from the Grant Thornton International Business Report (IBR) reveals that while business confidence in 2014 climbed to levels not seen since before the financial crisis, a recent spate of uncertainty is weighing on growth prospects for the year ahead.