There are two new directives, first for the fast reaction mechanism aimed at preventing VAT fraud. The second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services.

We understand the importance of well-organized tax accounting. We get the most out of it and keep following all the changes in the law all year long. Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations.