IFRS & ESG Changes at a Glance: What Global Businesses Need to Know in 2025
Understanding ViDA: The EU’s real-time VAT reform that will reshape tax compliance fyint-adminEdit Profile As the global economy accelerates its digital transformation, the European Union is preparing to implement one of the most ambitious tax reforms in its history. The VAT in the Digital Age (ViDA) initiative, introduced by the European Commission, proposes a complete […]
Understanding ViDA: The EU’s real-time VAT reform that will reshape tax compliance
Understanding ViDA: The EU’s real-time VAT reform that will reshape tax compliance fyint-adminEdit Profile As the global economy accelerates its digital transformation, the European Union is preparing to implement one of the most ambitious tax reforms in its history. The VAT in the Digital Age (ViDA) initiative, introduced by the European Commission, proposes a complete […]
Australia to put 2 year ban on foreigners buying existing homes amid housing crunch
In response to escalating housing affordability concerns, the Australian government has announced a two-year ban on foreign investors purchasing established homes. The measure, effective from April 1, 2025, to March 31, 2027, aims to alleviate pressure on the housing market and increase availability for local buyers. Scope of the Ban The ban encompasses all foreign […]
Digital Transformation in Global Accounting: Embracing Innovation for a Connected Future
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How Mexico’s Political Situation Can Impact Foreign Companies
A Brief Fiscal Perspective Historically, Mexico has been an attractive destination for foreign investment. However, it has faced—and continues to face—significant challenges, particularly in establishing efficient economic policies, reinforcing security to curb violence, and implementing adequate tax oversight while respecting taxpayers’ rights. Key Challenges in Mexico Mexico’s persistent lack of infrastructure investment is partly due […]
Switzerland introduces an Income Inclusion Rule (IRR) from 1 January 2025
Background: Switzerland was one of the 20 founding member countries that signed the Convention of the OECD in 1960. In October 2021, the international community agreed on a landmark deal on the two-pillar solution to the tax challenges arising from digitalization and the globalization of the economy. As part of this plan, Pillar Two establishes […]
The Impact of Donald Trump’s 2024 Election Victory on the Global Accounting Sector
As Donald Trump secures victory in the 2024 U.S. presidential election, the global accounting sector braces for a series of transformative changes. Trump’s leadership style is synonymous with deregulation, tax cuts, and an America-first approach, all of which will influence the U.S. economy and ripple across global markets. Accountants worldwide must pivot quickly to adapt […]
The Irish Government’s Budget 2025 introduces a broad range of measures
The Irish Government’s Budget 2025 introduces a broad range of measures aimed at easing financial burdens, supporting businesses, and promoting sustainability. Key updates include: Tax Changes for Individuals: Income Tax: Standard rate cut-off increases to €44,000 for single earners. Credits: €125 increases in personal, employee, and earned income tax credits. Rent Credit: Raised to €1,000/year, […]
FY Washington Summit 2024 – Leading the Future of Global Accounting and Finance
Get ready! FY International’s highly anticipated Annual Conference is happening this week, from September 26th to 27th, at the Hilton Alexandria Old Town. This is your chance to join top accounting and finance professionals worldwide for two days packed with groundbreaking insights, practical learning, and unparalleled networking opportunities. Whether you’re a seasoned expert or an […]
New tax regulations in Turkey
Turkey has introduced a series of new tax regulations aimed at modernizing its fiscal landscape and increasing revenue collection amid growing economic pressures. These changes, which affect both domestic and international businesses, have significant implications for the accounting industry, as firms must adapt to new compliance requirements and advise clients on navigating the evolving tax […]