Location: Europe/Middle East/Africa

AGN EMEA Tax Committee News.

The requirement to create transfer pricing documentation impacts not just large corporations, but also small and medium-sized businesses (SME’s), who often lack awareness of this obligation. It’s crucial to address this issue promptly to prevent time constraints and potential penalties from tax authorities if documentation becomes necessary.

Read on for a summary of the obligations that exist in Germany and what you should be prepared for.

AGN EMEA Tax Committee News.

Following the publication of the Finance Act 2024 in France, the four main points you should know include:

1. Minimum taxation in France
2. Phasing out CVAE (Company Value Added Contribution)
3. Electronic invoice
4. Green tax credit

The AGN EMEA IT Committee recently convened in Geneva to talk about digital transformation – a key industry issue.

AGN International announces that Kenyan firm MGK Consulting has joined its Europe, Middle East & Africa (EMEA) membership.

AGN EMEA Tax Committee News

Public Country-by-Country Reporting – To what extent do large companies contribute to public prosperity through their taxes? Public Country-by-Country Reporting (CbCR) is a regulatory requirement for corporations to disclose detailed financial and operational information on a country-by-country basis.

AGN International announces that Kuwaiti firm Al Dawli & Partners Chartered Accountants has joined its Europe, Middle East & Africa (EMEA) membership.

News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)

ESRS G1 Business Conduct emphasizes ethical behavior, integrity, and compliance with laws and regulations in all business interactions and operations. But, how important is ESRS G1 Business Conduct in relation to other European Sustainability Reporting Standards (ESRS)?

Contributed by: BKL.

We’re pleased to announce that commercial finance consultants CFPro Ltd have merged with BKL. CFPro specialises in strategic support for high-growth businesses, helping them to strengthen their financial operations and realise their ambitions.

From AGN EMEA Tax Committee members and AGN tax correspondents

Permanent Establishment and Fixed Business Facility for Service Providers in Germany: A foreign company operating in Germany must be assessed from a tax perspective to decide whether the establishment is a ‘permanent establishment’ or not. The existence of a permanent establishment has various consequences, especially Germany’s right to tax the income attributable to the permanent establishment in Germany.

Contributed by: BKL.

Simon Bussell, our Marketing and Business Development Director, sat down with Myfanwy Neville, Partner and Head of ESG (Environmental, Social and Governance), to talk about BKL’s ESG journey – including becoming a certified B Corporation in 2022 – and how we’re supporting owner-managed companies to become better businesses.