Tax & Accounting

Introduction The adoption of IFRS 9  Financial Instruments brought a major shift in the way companies account for financial assets, liabilities, and credit losses. Since its mandatory application in 2018, IFRS 9 has replaced IAS 39 and introduced a forward-looking expected credit loss (ECL) model, along with new rules for classification, measurement, and hedge accounting. […]

Introduction Value Added Tax (VAT) has become a cornerstone of modern taxation systems worldwide. From the Middle East to Europe, VAT impacts nearly every transaction in goods and services and requires businesses to address vat registration, vat law, and varying vat rates. While it may appear straightforward, in reality VAT compliance is one of the