The highly anticipated new edition of the OECD´s Transfer Pricing Guidelines was issued on 10 July 2017. It mainly reflects a consolidation of changes resulting from the BEPS project. Probably the greatest change in the 2017 edition is in the chapter on the arm´s length…
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Improve performance of your company with Balanced Scorecard
Many companies are following only financial indicators in their monthly reporting. This is a big mistake because such analysis can’t show a full picture of the performance of the company. Reporting systems working only with financial indicators are outdated. If we want to achieve the…
Amazon must repay 250 million euros
The EU Commission has adopted a decision that Amazon’s tax benefits in Luxembourg are illegal under EU State aid rules. A tax ruling granted by Luxembourg has reduced Amazon’s tax bill for more than eight years, between 2006 and 2014. Amazon now has to repay…
Modern accounting reports in Power BI
Do you mind that your reports are confusing, their preparation is too complicated and that they are difficult to use? We have a solution for your problems. We can create for you a system customized to your needs which will significantly improve your capabilities when…
Were the impacts of the VAT recapitulative statement in the Czech Republic positive?
The Czech government has presented the VAT recapitulative statement as a very powerful tool to limit tax avoidance. After one year of this measure coming into force, its impact is very questionable at best. As of 1 January 2016, taxable persons registered for VAT purposes…