5. Blog grid – background overlap

The obligation to file a “Public Report on Income Tax Information” by Greek subsidiaries and branches of ultimate parent companies established in third countries was introduced into Greek legislation by Law 5066/2023 (amending Law 4548/2018), transposing Directive 2013/34/EU (as amended by Directive 2021/2101/EU). Specifically, with the introduction of Articles 157A – 157H and 180A into…

Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The European Central Bank has held the deposit rate at 2%, a decision that reflects the shifting, and increasingly uncomfortable, inflation picture. Further interest rates were already unlikely before escalation of conflict in the Middle East, with the ECB reaching the…

Revenue recognition in non-profit organizations is often underestimated in terms of complexity. In practice, it is one of the areas most frequently challenged during external audits, largely due to the variety of funding sources and the judgment required in applying the relevant accounting standards.  Unlike commercial entities, non-profits receive income from a broad range of sources, donations, grants, memberships, sponsorships, and service-based arrangements. Each…

There is substantial empirical evidence that the global system of trade is fragmenting. The bigger question is how far the fragmentation will spread, and whether it becomes adaptive or harmful. No business can afford to ignore the potential consequences. Since the 1990s, regional trade agreements proliferated rapidly. Almost all members of the global trading system…

Running a private hospital is complex by nature, and that complexity inevitably finds its way into the financial statements. For this reason, external audits rarely focus only on the numbers. Just as important are the underlying processes, management judgments, and the quality of the information supporting them. Revenue recognition is often one of the most…

Tax Alert- April (002)

What we care for, we protect. Earth Day is far more than a symbolic occasion. It is a practical opportunity to reassess their environmental impact and to implement meaningful, measurable changes – for the planet and for themselves. “While long-term sustainability strategies are essential, immediate actions and practical steps can significantly reduce a company’s ecological…

The EU Pay Transparency Directive: What is it and who does it apply to? The Directive mandates that all EU member states implement laws to promote pay transparency and close the gender pay gap. Each member state is responsible for enacting its own legislation to meet the directives goals by June 2026. The directive also…