Legal tax optimisation: VAT-free payment with the use of debt assumption
Certain business transactions can be carried out without the actual payment of VAT, yet very few taxpayers seize the opportunity afforded by VAT debt assumption.
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Certain business transactions can be carried out without the actual payment of VAT, yet very few taxpayers seize the opportunity afforded by VAT debt assumption.
Read moreRSM, the leading global audit, tax and consulting network focused on the middle market, has announced global revenues of US$5.74 billion for 2019, representing a 6.9% year-on-year growth at average exchange rates (8.8% at constant exchange rates). The network also reported a headcount increase of 1,872 and 54 new offices across the globe.
Read moreLeading audit, tax and consulting network, RSM, has reported growth in global fee income of 7.6% for the year ending 31 December 2016. Total fee income for the period increased to US$4.87billion.
Read moreMany among us may sense that the combination of technological developments, financial market innovation and changes in business models impacts our profession more than ever before. This may well make the profession all the more interesting, but it also creates some dissonance with the wider perception of accountants, which often associates us with conservative principles and unchanging techniques. It is therefore timely that we debate whether we should embrace ‘change’ to successfully drive accounting into the future before ‘change’ becomes imposed on us as a necessity, in order to maintain our highly impactful role in advancing firms’ good stewardship.
Read morePreviously, the incremental development and high costs of renewable energy discouraged growth in the industry, but in recent times, advancements in the commercial and technological arena have transformed the landscape. Now, renewables are competing on a similar scale to fossil fuels for global investment. Between 2006 and 2015, investment in renewable energy totalled $2.2 trillion.
Read moreThis edition of The Global Real Economy includes five articles from chief economist Joe Brusuelas; Brendan Quirk, RSM’s regional leader for Latin America and Dr. Suresh Surana, founder of RSM India, on the following topics:
Read moreHistorically, the incremental development and high costs of renewable energy discouraged the rapid expansion of that industry.
Read moreIAS 40 was first issued in 2000. The standard requires an entity to determine whether property (land and buildings) should be classified as investment property, defined as property held to earn rentals or for capital appreciation (or both). If so, the entity then has a choice of whether to account for it using the cost model or the fair value model.
Read moreThe much publicised, and long awaited European Commission Action Plan on VAT has been released.
Read moreThe following is a summarised update on some of the main discussions or provisional decisions taken by the IFRS Interpretations Committee (IC) at its meeting on 22 March 2016.
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