Indian Accounting Standard (Ind AS) and the current Indian income tax regime requires management to think about fair valuation of Property, Plant & Equipment (PP&E) as a strategic exercise.Read More
VAT is implemented in the Kingdom of Saudi Arabia with effect from 1st of Jan 2018. Even the first monthly return was due on 28th of Feb 2018. This being a transactional tax change, it has impacted the way business was done apart from the cash flow and P & L to a great extent. This article lists down the ongoing clarifications, press releases and changes post VAT implementation.