Insights

Cyberattacks Ukraine also affect European companies The war in Ukraine is a reality. A war that can have a major impact and in which cyber-attacks are also used as a weapon, affecting not only Ukraine, but also European companies and organisations. Our cyber-security experts issue a warning for an increased cyber risk which is also of great importance for your company.

Hivos Impact Investments invests in early stage SME’s primarily in Southern Africa with innovative solutions in the food and lifestyle sector. Through their investments Hivos aims to generate a financial return, as well as a positive impact on a range of issues.

The G20 leaders agreed to a global minimum tax rate of 15%. In addition, 137 of the OECD member countries have committed to a major reform of the international tax system . This reform changes the current international taxation rules and ensures that multinational enterprises will be subject to a minimum 15% tax rate starting from 2023. The framework updates key elements of the international tax system and deals with tax issues that arise from the increasing digitalization of the global economy.

From 2023 onwards all large organisations will be required to report on sustainability policy and performance. In April 2021, the European Commission presented the proposal for a Corporate Sustainability Reporting Directive (CSRD).

From 2019, Sinzer – Grant Thornton has been helping Sofinnova with its ESG and impact policy and reporting. As part of this cooperation, an impact framework and ESG maturity model was developed and implemented.

Since 27 September 2020 Dutch legal entities are required to register information regarding their UBOs in the UBO register. The UBO register is a direct consequence of European regulations. Its aim is to increase transparency among the individuals who are in control over companies, irrespective of the way in which an entity or concern is organized.

On the 30th of December 2020, the EU and China have concluded in principle the negotiations for a Comprehensive Agreement on Investment (CAI). This agreement will create a better balance in the EU-China trade relations and, in our view, create even more opportunities in the future for foreign direct investment (FDI) between the EU and China.

Granting lease incentives is a common way to encourage a new lessee to sign up to a new lease contract and fill vacant premises. Lease incentives may take various forms depending on the negotiation between the lessee and the lessor.

IFRS 16 makes significant changes to sale and leaseback accounting. A sale and leaseback transaction is one where an entity (the seller-lessee) transfers an asset to another entity (the buyer-lessor) for consideration and leases that asset back from the buyer-lessor.

In January 2016, the International Accounting Standards Board (IASB) issued IFRS 16 ‘Leasing’, which represents the first major overhaul in lease accounting for over 30 years. The Standard brings fundamental changes to lease accounting that replace previous accounting that is considered no longer fit for purpose. These changes become effective from 1 January 2019.