Vietnam: VAT rate reduction and CIT deduction

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...
Cryptocurrency: Regulations in the USA on the way

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...
Risk assessment in Cambodia: Identifying and monitoring risks

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...
Learning from GDPR fines: What are the lessons for other companies?

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...
The Evolution of Management

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...