COVID-19 and the Big Quit: Keys to Employee Retention
In early 2020 the world as we knew it changed and it is doubtful that many of us foresaw the extent of those changes and how long they would last. When the pandemic first hit the world, there were predictions of economic meltdown as we all raced to come to terms with the challenges COVID-19 […]
E-Tax Vietnam: Launch of E-Portal And Tax Mobile App
Limited liability companies established in Croatia must pay corporate income tax of 18% or 12%, depending on the revenues generated, with the 12% rate applying to annual revenues below HRK (Croatian kuna) 3 million. The Ecovis experts know that full tax exemption is possible within the EU. Decision on the distribution of profit Each member of the […]
Dividend payments in Croatia: What rules apply to established limited liability companies?
Limited liability companies established in Croatia must pay corporate income tax of 18% or 12%, depending on the revenues generated, with the 12% rate applying to annual revenues below HRK (Croatian kuna) 3 million. The Ecovis experts know that full tax exemption is possible within the EU. Decision on the distribution of profit Each member of the […]
Hidden dividend: What the new law means for companies in Poland
A new law on the treatment of hidden dividend is due to come into effect from 1 January 2023. This can lead to a reduction in total deductible expenses for companies in Poland. As the law is vague, sometimes incomprehensible and the regulations are inappropriate, the Ecovis experts know that the Ministry of Finance is planning corrections. […]
Vietnam: VAT rate reduction and CIT deduction
A reduced VAT rate has been in effect in Vietnam since 1 February 2022. In addition, companies can make certain deductions to corporate income tax. With these measures, the government aims to promote socio-economic recovery and economic development. The Vietnamese government has adopted Decree No. 15/2022 (Decree 15), which came into effect on 1 February […]
Cryptocurrency: Regulations in the USA on the way
Cryptocurrencies are trending. In the USA, the market is hardly regulated, but that about to change. The tax and financial authorities should be given the tools to better track the use and trading of virtual money. On 9 March 2022, US President Joseph Biden signed an executive order that directs the US federal government to […]
ECOVIS is now represented in Honduras
ECOVIS welcomes our new partners from ECOVIS Honduras headquartered in Tegucigalpa. The firm has cooperated successfully with our colleagues of ECOVIS Guatemala in the past. The Republic of Honduras is a country in Central America. The country shares a boarder with Guatemala, El Salvador and Nicaragua. Its capital and largest city is Tegucigalpa. During recent […]
Risk assessment in Cambodia: Identifying and monitoring risks
In the COFACE (Compagnie Française d’Assurance pour le Commerce Extérieur) country risk assessment, Cambodia received a respectable country risk score of C and a business climate score of B on a scale from A1 (very low risk) to E (very high risk). To further minimise the risks for businesses, Ecovis offers a risk analysis. COFACE […]
Learning from GDPR fines: What are the lessons for other companies?
In 2021, five of the world’s top ten fines were imposed for breaches of the General Data Protection Regulation (GDPR). The Ecovis experts in Lithuania have analysed these cases and worked out what lessons companies can learn from these GDPR fines. The GDPR came into force almost four years ago. However, its implementation is still […]
The Evolution of Management
After more than 30 years of experience in accounting and auditing, I have heard countless recurring complaints from people who need to make timely financial decisions. Chief among the complaints, I often hear, “To prepare for a meeting of my Board of Directors, I need to gather my entire team. Preparation for such meetings takes […]