I read shortly changes in South Korea about audit in financial reporting. I was fascinated about the increasing responsibilities and surprisingly penalties in case companies should not behave in line with the law. Whether or not we are getting step closer to full transparency and absolut correctness of reporting the future will show. Continue reading
– A taxable person can make a fund transfer from certain UAE financial institutions using the GIBAN provided by the FTA.
– This payment method can be used for settling any outstanding VAT and Excise Tax amounts payable including tax and penalties.
– This option should not be used for other payments such as Miscellaneous Payments.
for more details please click HERE.
Bildquelle: Makrodepecher / pixelio.de
The new VAT split payment system requires all VAT payers (including non-residents registered for VAT purposes in Romania) to use a bank account dedicated to all VAT-related incoming and outgoing amounts (for transactions carried out on the Ro territory) in respect of all their VAT-bearing transactions. Continue reading
The registration portal will open from 28th August after which point you have a few months to register ahead of VAT launch in January 2018. Continue reading
Over the last years, I have seen that challenges and demands faced by tax and finance departments have been growing rapidly. On the one hand, international developments mean that domestic and foreign authorities require more transparency on financial and tax-relevant data. Continue reading
As of 1 January 2016 in accordance with a new regulation (Decree of the Ministry for National Economy No. 23/2014, the „Invoicing Decree”) invoicing software must include a new function called “data export for tax authority review” (adóhatósági ellenőrzési adatszolgáltatás) and must be able to extract invoicing data either for a certain invoice (number) range or for a certain period. Continue reading