Sustainability is a shared ambition at a global level, yet the way it is implemented differs significantly by region. According to Grant Thornton’s international research, the mid-market sector worldwide invests in ESG initiatives based on differing business considerations. While in North America sustainability is primarily seen as a growth and investment opportunity, in Asia it forms part of innovation and digitalisation, whereas in Europe the focus is increasingly on optimising operational efficiency and regulatory compliance. This difference is decisive from both a strategic and a business perspective.
The global minimum tax (Pillar 2) represents a continuation of the OECD and G20 BEPS initiative aimed at preventing the shifting of profits to low-tax jurisdictions. The initiative has been supported by more than 140 countries, including the Republic of Croatia.
The new standard, IFRS 18, introduces significant changes in how entities present their financial performance. Its application is mandatory for annual reporting periods beginning on or after 1 January 2027.
Generative AI (GenAI) is no longer just a buzzword - it’s reshaping how businesses operate. Yet private companies are still playing catch-up. According to Grant Thornton’s survey of over 550 global business leaders, only 57% of private companies have adopted GenAI, compared with 80% of public companies. This gap puts private firms at a disadvantage as competitors leverage AI to enhance customer experiences, streamline operations, and generate new revenue streams.
The CISOs (Chief Information Security Officer) needs to be part of the leadership team that drives your business. However, in many organizations today, this is not the case - putting both the organization and individual roles at risk.
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.