Tax & Accounting Blog

Take a Deep Breath and Debrief

Take a Deep Breath and Debrief

The end of another tax season is in sight, and most of us are looking forward to some well-deserved R&R time. But before you leave the office, capture information about how your office operates at peak times and identify changes that set you up for future success. Ask your staff: How did this tax season … Read More

Finland Public Spending Plans through 2020

Finland Public Spending Plans through 2020

Finland’s government has come to an agreement on public spending plans through 2020, which do not include changes to the VAT rates or direct taxes. There is an increase proposed for excise taxes for fuels but no other tax increases are proposed. Finland’s VAT rates are 24%, 14% and 10% and have remained unchanged since 2013. The government’s … Read More

Uncertainty in VAT reforms and Sri Lanka

Uncertainty in VAT reforms and Sri Lanka

Very often countries adopt VAT reforms in order to deal with unforeseen economic circumstances and balance their budgets or to respond to political pressure from different groups. As governments try to react fast on changing circumstances, many times the details on the implementation of the reforms are not thought thoroughly, leading to uncertainty and posterior … Read More