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Egypt Cabinet has approved the VAT law which will now be sent to the Council of State for review. After the Council of State reviews the law it will be sent to the Parliament for approval. Egypt’s move from a Sales Tax to a VAT has been discussed for years, an IMF staff … Read More
On 20 May 2016 Governor Alejandro Garcia Padilla has vetoed House Bills 2032, 2838, 2839, and 2840, the legislation repealing VAT. The legislature will most likely attempt to override this veto. Should the Legislature successfully override Governor Padilla’s veto, VAT will be repealed and the current 10.5% Sales and Use Tax and 4% reduced B2B … Read More
In 2013 the European Commission (the Commission) announced a plan to standardize and simplify the VAT returns amongst the Member States in order to diminish the administrative burden faced by the businesses in the European Union (EU) by establishing a uniform set of rules for filling VAT returns. However, after years of discussion, the Commission … Read More
The Panama Papers is one of the most talked about leaks since WikiLeaks[1]. The Panama Papers were released this past April to over 400 journalists and consisted of 11.5 million files, some dating back to the 1970’s, from Panamanian law firm Mossack Fonseca, one of the world’s largest offshore providers. The leak represented … Read More
Meet Andy Smith, product manager of document management and workflow at Thomson Reuters. Andy, a CPA with two master’s degrees, joined the company in 2014 after working in public and corporate accounting at large firms and running his own small firm. Andy is based in our Dexter office. Solutions: As product manager of document management … Read More
Last week, Greek officials have announced that the country will adopt a series of tax and economic measures in order to comply with fiscal targets agreed with its creditors. On negotiations held last month Greece and the representatives of the institutional creditors (European Commission, European Central Bank, International Monetary Fund and European Stability Mechanism) … Read More