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TAX ADVISORY Real estate tax – reporting of data relevant for taxation

According to the Local Taxes Act, a property tax payer is required to report any changes relevant to the determination of their tax obligation to the Tax Administration by 31 March of the tax assessment year.

WOMEN IN BUSINESS Impact on the missed generation

New research from Grant Thornton reveals that without immediate action, gender parity in leadership positions will not be achieved until 2051. This stark reality underscores the urgency of addressing gender inequality.

TAX ADVISORY Tax reform

Grant Thornton provides an overview of the announced key changes in the Tax Reform, which will largely come into effect on 1 January 2025. A new round of tax changes has been announced, and the changes are comprehensive, from real estate tax to VAT. The personal allowance is increasing from 560 to 600 euros, which automatically results in an increase in deductions for dependents. The threshold for paying a higher income tax rate is increasing from the current 50,400.00 euros per year to 60,000.00 euros.

WOMEN IN BUSINESS Women in the technology industry: The path to equality among leaders

Data from Grant Thornton's Women in Business 2024 survey suggests that we are far from achieving equality between men and women in senior management positions within the technology sector. Globally, women hold 32% of senior management positions in the technology sector, which is below the global average of 33.5%, and below other industries such as professional services (36.2%), asset management (35.5%), and healthcare (37.7%).

BUSINESS ADVISORY A record number of companies expect an increase in profitability

The resilience of the global economy is highlighted by a record number of leaders expecting an increase in profitability over the next 12 months, with 53% expecting an increase in their sales, according to Grant Thornton's latest International Business Report (IBR).

BUSINESS ADVISORY Branding in international business - breaking down global barriers

There is a clear indication of how international business is expanding and developing in the global market. Grant Thornton's International Business Report (IBR) found that 52% of companies are focused on international markets as part of their forward-looking strategies. Brand and visual identity have been identified as key drivers of success when a company wants to grow and develop its international business. Companies in the global market intend to use branding investment to launch international business and highlight certain segments in a highly competitive international business environment.

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