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ADVANCE TRAINING Upcoming training – The Duties and Responsibilities of Directors
Grant Thornton is organising a webinar called ‘The Duties and Responsibilities of Directors’. Directors are the backbone behind the good corporate governance of a company. While upon the inception of their role they were vested with generous manoeuvrability and freedom of control, the development of the Companies Act has presupposed more defined powers and responsibilities to ensure practices of good faith and diligence in the corporate sector.
12 Jul 2021
TAXATION Reporting obligations in cross-border arrangements under the DAC6 Directive
Over the past few years, automatic exchange of information has been viewed as the ultimate tool to combat tax fraud and tax evasion and following various amendments to the first Directive issued during 2011, the EU Directive 2018/822 (DAC6) was implemented to ensure mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements.
11 Mar 2021
Accounting GAPSME: general accounting principles for individual and group companies
The EU Single Accounting Directive 2013/34/EU which substituted the Fourth and Seventh Directives on both individual and consolidated financial statements, introduced a new set of financial reporting requirements.
15 May 2020
DIGITAL TAXATION Double digital taxation: what it is and how to avoid it
Governments and tax authorities are scrambling to keep pace with the increasing digitisation of the global economy and public outcry over the levels of corporate tax being paid by large multinational enterprises.
01 Apr 2020
Fintech Exploring the funds travel rule in terms of virtual assets issued by the FATF
In June 2019, the Financial Action Task Force (FATF) established various rules to combat the misuse of virtual assets for the purpose of money laundering and financing of terrorism. The funds travel rule featured in the FATF’s recommendations as well as it requires Virtual Asset Service Providers (‘VASPs’) to collate and share information about the sender (originator) and receiver (beneficiary) whilst undertaking a transaction.
07 Jan 2020
Fintech Preventing and detecting the misuse of virtual financial assets: introducing the tools
Technology is rapidly evolving, and this is proven with the development of blockchain technology, cryptocurrencies and other virtual assets. Concurrently, criminals are also advancing in terms of technology use since traditional crimes such as money laundering, theft, drug trafficking and financing of terrorism are being shifted to the cyber world.
27 Aug 2019
TAX Say goodbye to the arm's length principle
The G20 has endorsed the The Organisation for Economic Co-operation and Development’s (OECD’S) roadmap for resolving the ‘tax challenges arising from the digitalisation of the economy’. The reallocation of profits and minimum tax proposals that have emerged following a recent round of consultations could put an end to the arm’s length principle that has governed transfer pricing for decades.
05 Aug 2019
Business risk consultancy The code of ethics – why is it important for organisations and professions?
The code of ethics is an important tool which can enhance the reputation and the perception of the public of a profession and an organisation. In fact, local professionals such as lawyers, accountants, auditors and teachers must abide by a code of ethics which is issued by a recognised organisation. Moreover, businesses tend to establish their own code of ethics when they do not have an official code.
05 Jul 2019
Tax Direct to indirect taxation
How manage the hidden complexities of indirect taxation? It’s not just the immediate demands of VAT/GST that are complex and challenging, but the extent to which it forms part of wider shifts in how businesses are taxed.
20 Dec 2018
Finance The evolutionary progress of money
Progress in finance has facilitated the exchange of value to an automated process, but behind the scenes it has been a centuries’ long process to get where we are today.
10 Dec 2018
TAX Taxing the digital economy
Commerce is increasingly digital. Yet, the global tax system is still geared to the needs of a traditional ‘bricks and mortar’ economy. The OECD’s Base Erosion and Profit Sharing (BEPS) Action Plan recognises the need for modernisation and has achieved quite a lot since the issue of its reports in October 2015. However, specific recommendations on digital taxation have been limited and the OECD’s calls for an international consensus on the way forward have so far been unheeded.
10 Sep 2018
Family Businesses 1.5% reduced duty on intra-family donations. Don't miss out.
The introduced Family Business Act in 2017 saw the introduction of an incentive scheme for family businesses, whereby donations of marketable securities and business property used in a family business would be subject to a reduced duty rate of 1.5%, from the standard 2% or 5%.
22 Feb 2018
Tax Taxation in real-time: Gearing up for blockchain
The question is no longer whether blockchain will disrupt the tax system, but how far, how fast and how to ensure your business is up to speed. Putting the hype aside, what does blockchain really mean for tax compliance and management within your business? What are the main risks and opportunities? How can you begin preparing for the shake-up ahead?
11 Jan 2018
GDPR Taking stock of GDPR – 10 key changes it will bring about
When it comes to the way companies handle and protect data, things are soon going to change thanks to a new set of rules that are stepping into force as of May 2018. Better known as the General Data Protection Regulation (GDPR) –the new legal framework is meant to harmonise data protection standards across the 28 EU member states and is expected to ultimately reduce compliance costs, complexity, risks and uncertainty and ensure that people’s data is adequately protected.
22 Nov 2017
Intelligent Business Preparing your business for the GDPR
On 25 may 2018 the European Union's new data protection law comes into effect, it will govern all businesses operating within the union and embed a more consistent approach to data protection.
20 Sep 2017
Family Business Reduction on tax on business inheritance comes into force
The Family Business Act came in to force in January 2017 with the aim of facilitating the transfer of family businesses from one generation to the next with the hope of addressing significant succession planning issues.
26 Apr 2017