Recently a proposal for public Country-by-Country Reporting (CbCR) has been endorsed by EU institutions opening the way for formal approval by the European Parliament.
Tax provisioning is a highly complex area that is in both the tax and the accounting domain. Within many Finance departments tax is often conceived as slowing down the close cycle as a whole. The new rules on uncertain tax provisions (IFRIC 23) can add to the complexity. In our webinar we have shown how these changes might affect your tax position.