Saudi Arabia became the last country of the Persian Gulf, which officially supported the agreement on implementation of equal value added tax(hereinafter –VAT) in all six countries members to 2018 by the Cooperation Council for the Arab States of the Gulf
The Romanian government is not going to ease the requirements of anti-corruption legislation. The mass demonstrations on the streets of Bucharest contributed to this decision.
The European Union and the European micro-state Liechtenstein from 2018 will automatically exchange bank information of residents of both jurisdictions under the agreement agreed by the European Parliament in December 2015.
The Government of India announced timetable for implementation of Indian accounting standards that comply with international financial reporting standards
Tax revenues have increased steadily in African countries where there is economic growth. It was confirmed by the statistical data published by the Organization for Economic Cooperation and Development (OECD)
The Vatican has frozen more than 2 million allegedly illegal funds identified in the accounts of the theological State by the Service for Financial Monitoring
Passports of citizens of the United States can be confiscated in case of default of payment of appropriate taxes and duties for a long time.
The European Commission launched a public discussion of plans of the European Union control measures reforming on the exchange of data.
Risk management is a major issue which audit committees concerned about. These are the findings of research conducted by KPMG, in which more than 800 members of audit committees and departments from 42 countries took part.
Any decisions concerning important aspects of life of Swiss are accepted by voting. The tax reform proposed by the Government was not an exception. The reform was expected to make significant changes in the payment and calculation of corporate tax.
International Federation of Accountants (hereinafter - IFAC) approved the use of integrated reporting
From 1 January exporters of goods to the European Union with law cost access to the Generalized System of Preferences (GSP) of the EU had to start working according to a new system of registered exporters (REX)
The United Nations Environmental Protection (UNEP) and leading Chinese supplier of financial online services Ant Financial Services Group released non-standard private-public program aimed at stimulation of the development of digital technology in the financial sector to ensure environmental needs of society.
It will be easier for companies by means of the program to assess the risks of conducting activities for the environment, their own ability for environmental protection, make decisions on doing business and careful attitude to nature.
It should be recalled that the activities of UNEP envisages implementation of various projects related to issues of the Earth’s atmosphere and marine and terrestrial ecosystems. Also, this program plays a significant role in the development of international conventions in the field of ecology and environmental protection, and cooperates with governmental authorities around the world and non-governmental international organizations. In addition, UNEP is a sponsor of “green” projects and contributes to their effective implementation.
The sphere of UNEP activities also includes the development of recommendations and international agreements on issues such as potentially harmful chemicals, transboundary air pollution and pollution of waterway international channels.
The Council of Ministers of the European Union accepted reforms in the sphere of monitoring over activities of central depositories of Europe proposed by the European Commission
