European Union: Accounting and Audit

There are times when winding up a company is the right step. Whether it's part of a group restructuring, the closure of a dormant entity, or a planned exit, voluntary liquidation requires proper preparation.

Licensing of a Cyprus Insurance Agent or Brokers license can grant you easy access within the EU.

Statutory accounts serve their purpose. They meet regulatory requirements and provide a snapshot of past financial performance.

Cyprus has taken a major step toward aligning with OECD and EU tax governance standards by refining and strengthening its Transfer Pricing (TP) framework.

Group structures are common in Malta, especially among companies involved in cross-border operations or tax planning.

German Federal Ministry of Finance (BMF) recently released an instruction sheet on cross-border audit cooperation with tax administrations of other countries (dated May 15, 2025).

On December 22nd, 2008 the German Financial Supervisory Authority (Bundesanstalt für die Finanzdienstleistungsaufsicht “BaFin”) published circular 14/2008 (WA) (“Circular”) on its interpretation of the scope of the German Investment Act (Investmentgesetz – “InvA”) as amended on December 21st, 2007.

The adoption of the Financial Collateral Law last year has rendered the granting and enforcement of security interests over cash and financial instruments considerably easier.

From January 1 2006 - and for book years ending on December 31 2006 or later - all Belgian companies will be able to benefit from a deduction for risk capital, also referred to as a notional interest deduction. For tax purposes, every company will be treated as if it had borrowed its own funds at a yearly interest rate equal to that of the 10-year Belgian government bond. The notional interest thus computed will be deductible from the tax base.

Given your limited time and the need to allocate it effectively in almost any business, you will need to assign a portion of the accounting workload to an outside expert team.

It is not surprising that qualitative disclosures are less popular with preparers of financial statements.

The content of this article includes: Rules For State Participation In Private Law Legal Persons, New Product Safety Act, Charges On Holders Of Surplus Stocks Act , Explosives Act, Radiation Act, New Principles Of The Competition Act, Amendment Of The Packaging Excise Duty Act.