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From Tax Compliance to Tax Governance

Tax compliance has always been the cornerstone of the tax function of businesses. The timely filing of tax returns and payment of the underlying liabilities, the proper interpretation and application of tax legislation, and the effective response to tax audits often constitute the key indicators for assessing the effectiveness of a tax function.  However, in a modern…

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When Is Revenue Really Earned? What Every Real Estate Developer Should Know About IFRS 15

“We’ve sold almost every apartment, so why haven’t our profits increased?” This is one of the most common questions property developers ask when reviewing their financial statements. Imagine a developer who has pre-sold 80% of a new residential project. Buyers have paid substantial deposits, banks are satisfied with the pre-sales, and construction is progressing according…

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