AI has begun to play a large part in the accounting industry, with some of the larger players in the market embracing it and heavily investing in it as an integral part of their standard service offering.
What impact could AI have on how we work in the future? Should AGN firms start to embrace AI now?
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
In previous newsletters, Carsten Ernst – AGN’s Expert in financial (IFRS) and sustainability (ESRS and GRI) reporting, explained the EU Taxonomy Regulation, Taxonomy-Eligible Activities, and Taxonomy-Aligned Activities. This month, he addresses Taxonomy Quotas, including turnover, capital expenditures and operating expenses.
Learn about BEPS Pillar 1 and Pillar 2 and start planning now to overcome their challenges!
In early 2019, the Organization for Economic Co-operation and Development (OECD) launched the Base Erosion and Profit Shifting (BEPS) 2.0 project. The project aims to set a minimum baseline for corporate taxation to prevent multinational businesses from shifting profits from higher-tax countries to low-tax nations. Get an understanding of BEPS Pillar 1 and 2 and how the minimum taxation works.
A collection of transfer pricing summaries of countries/territories in the Asia Pacific region
A summary of tax facts of countries/territories in the Asia Pacific region
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
The March newsletter addressed the Procedure for Taxonomy-eligible Activities. In this newsletter, Carsten Ernst – AGN’s Expert in financial (IFRS) and sustainability (ESRS and GRI) reporting, focuses on Taxonomy-aligned Activities. Does the economic activity contribute substantially to achieving one of the six environmental objectives? Does the economic activity result in no significant harm to the environmental objectives? Are the minimum safeguards according to Article 18 of the Environmental Taxonomy Regulation complied with?
Richard Ashby – Chairman, AGN Asia Pacific Tax Committee. Welcome to our first issue of the 2023 AGN AP Taxpresso, a quarterly publication composed of articles drafted by members of our AGN Asia Pacific Tax Committee.
This edition is also my first as chairman of the committee, as Vimala hands over the reins of chairmanship, a position she has expertly managed since the AGN Asia Pacific Tax Committee was originally formed.
Does your client have a Dutch holding (finance) company or Dutch operations which are held by a foreign holding (finance) company with a limited function? If the answer is yes, it is important to consider the substance requirements. For tax purposes, the substance requirements are probably more relevant than expected!
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
The February newsletter provided general information about the Application of the EU Taxonomy Regulation. In this month’s newsletter, we go into more detail on the procedure – the taxonomy-eligible activities, including green activities, enabling activities and transition activities.
The Finance Act for 2023 has been published. It increases the income tax scale by 5.4% and phases out the CVAE by 2024. Read the four main points below.