About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania, Moldova and Greece. Country offices are independent member firms of Baker Tilly International; one of the Top 10 largest networks of the sector. A blend of young graduates and mature…
We are proud to announce that Savvas M. Klitou, Regional Managing Partner & Head of Tax Services at Baker Tilly South East Europe, has been elected as a member of the new Board of Directors of ICPAC (Institute of Certified Public Accountants of Cyprus). The newly appointed board was constituted prior to the official proceedings…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Eurozone inflation rose to 3.2% in May as pressure builds on the European Central Bank to act now to combat rising prices. Despite efforts to control it, underlying price pressures remain strong, with service inflation and wage growth persisting, businesses passing on…
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…
Career Opportunity On behalf of Solaar Hospitality currently operating Mercure Larnaca Beach hotel and its newest addition Mercure City Hotel, a brand new 4* boutique hotel, we seek to recruit experienced Receptionists for either morning or night shift. There is the possibility to work full-time or part-time, as well as all year round or seasonal…
Real people, Real stories – A Baker Tilly podcast
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…
Public Country-by-Country Reporting (CbCR) is an EU-led initiative designed to increase tax transparency by requiring multinational enterprise (MNE) groups to publicly disclose key financial and tax-related information on a country-by-country basis. Who Does It Apply To? Under EU Directive 2021/2101, the public CbCR rules generally apply to MNE groups with consolidated global revenues exceeding €750 million…
