Audits rarely detect fraud, although they do serve an important purpose and may prevent potential fraud. Independent audits only provide reasonable assurances that the financial statements are free...
Tax transparency has been a hot topic on the agenda of governments worldwide following the introduction of anti-avoidance and transparency measures within the European Union.The first step was the...
The National Health Insurance System (“NHIS”) is introduced in Cyprus during 2019 and transforms the existing public healthcare system. Patients will have the freedom to choose their healthcare...
Baker Tilly publishes the Tax facts guide for 2019: Read more: https://www.bakertilly.com.cy/english/publications/2019/january/cyprus-t...
The Tax Department (“TD”) issued a tax informative brochure for the tax treatment of Benefits in Kind. Up to now, the taxation of benefits in kind has been based mainly on the judgment and the...
The Russian Federal Tax Service (FTS) issued on 1 June 2018, issued a Letter to the regional tax administrations with new guidance on the application of the concept of beneficial ownership (BO).This...
For many businesses outsourcing payroll is an attractive and valuable alternative to in-house processing. When correctly done, they provide a less expensive, simpler means of paying your employees,...
Following the collapse of Carillion, a contractor company based in Britain, audit firms are under the spotlight and their work is once again being questioned. Although there might be a possibility...
Professional skepticism is an attitude that entails a questioning mind and being alert to your surroundings. In our line of work, application of it translates to critical assessment of evidence that...
An initial coin offering (ICO) is a new method of funding for start-ups which involves the raising of capital through the issue of crypto-currencies in the form of digital tokens. The start-up...