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Audit
At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting.
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IFRS support
Our IFRS advisers can help you navigate the complexity of the Standards so you can focus your time and effort on running your business.
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Transfer pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Tax Audit
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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Tax Appeal
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Advance Ruling
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
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Tax Treaty Benefits Application
Tax Treaty Benefits Application
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FINI/FIDI Tax Services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
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Expatriate Income Tax Filing
Our team has extensive experience in helping expatriates in Taiwan to file personal income returns and claim tax refund where applicable. We file approximately 300 expatriate personal income tax returns in Taiwan annually.
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Bookkeeping
Effective bookkeeping and financial accounting are essential to the success of forward-thinking organisations. To get the optimum benefit from this part of your business, you'll need an experienced team behind you.
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Inventory movement reporting
Outsourcing your operations and specific business functions to Grant Thornton can not only cut costs, but also bring new insights and experience to your business.
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Payroll administration
Payroll and, in addition, personnel administration are the biggest and most time-consuming challenges facing expanding organisations. Grant Thornton’s outsourcing teams can manage these commitments on your behalf, allowing you to focus on what you do best – growing your business.
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Trust account management
Running a transparent and trusted business means keeping shareholders, owners, management and other important stakeholders informed about key developments in your organisation.
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VAT returns
At Grant Thornton, we understand the pressures management is under to achieve results, and for this reason we have developed systems for taking away the burden of compliance chores, leaving you to spend your time and energy on the core activities that ultimately lead to growth.
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Head Office reporting
Businesses frequently outsource some of their daily operating tasks in order to focus their energy on their core competencies, while improving performance and lowering costs of their non-core activities. By saving time and money, Grant Thornton's outsourcing services allow clients to concentrate on what is really important to their business.
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Executive Search
We understand that HR leaders need to focus on securing talents and this is no easy exercise. Our mission is to share best practices with our clients and help our clients to stay competitive in the market. Please do not hesitate to contact us to find out more about details of our services and how we can work together with you.
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Work Permit and Employment Gold Card Application Services
Work Permit and Employment Gold Card Application Services
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Expatriate Tax
Expatriate Tax
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PRIMA Consulting Services
PRIMA Consulting Services
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Business Operation Plan Composition
Business Operation Plan Composition
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Setting up legal entities
With a global network of experts in their respective tax and regulatory environments, Grant Thornton advisors help individuals and corporations establish the type of business entity that will best position them to achieve their goals from the very start of their operations.
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Liquidation and de-registration
Sometimes a business suffers an adverse event which impacts its ability to continue trading. And sometimes a solvent sale proves unsuccessful or a turnaround just isn't an option.
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Update company statutory record
With a global network of experts in their respective tax and regulatory environments, Grant Thornton advisors help individuals and corporations establish the type of business entity that will best position them to achieve their goals from the very start of their operations.
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Merger and Acquisition
Merger and Acquisition
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Administrative remedies
Administrative remedies
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Corporate legal consulting
Corporate legal consulting
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Bankruptcy and restructuring
Bankruptcy and restructuring
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Company dissolutions and liquidations
Company dissolutions and liquidations
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Supplier and employee background investigations
Supplier and employee background investigations
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Legal attest letter drafting service
Legal attest letter drafting service
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Preparation and review of agreements in Chinese and English
Preparation and review of agreements in Chinese and English
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Lifting restrictions on going abroad
Lifting restrictions on going abroad
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Labor law compliance and labor-management negotiation
Labor law compliance and labor-management negotiation
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Business and personal asset planning
Inheritance, inheritance tax, family business, and personal asset planning
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Not for profit organizations
Not for profit organizations
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Schools
Schools
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Others
Others
The IASB has published an Exposure Draft of proposed amendments to the IFRS for SMEs, its self-contained Standard aimed at the needs of private companies. To date the IFRS for SMEs has been adopted by over 80 countries around the world.
At the time of its issue, the IASB stated that it planned to undertake an initial comprehensive review of the IFRS for SMEs after two years had passed in order to assess the experience that entities would have had in implementing it by then and to consider whether there was a need for any amendments.
As many jurisdictions started using the IFRS for SMEs in 2010, the IASB began its initial comprehensive review in 2012, issuing a Request for Information to seek the views of those who have been applying the Standard. Following this consultation, the IASB’s SME Implementation Group (SMEIG) – on which Grant Thornton has been represented by South African partner Frank Timmins – developed a set of recommendations on possible amendments to the IFRS for SMEs to assist the IASB in undertaking its initial comprehensive view.
Apart from the proposal to change the section in the Standard dealing with Income Tax (which was based on an Exposure Draft that proposed revising IAS 12 ‘Income Taxes’ but which was never finalised), the proposed amendments would make only minor changes to the IFRS for SMEs. This is in keeping with the IASB’s aim that the Standard should provide a standalone, simplified set of accounting principles for entities that do not have public accountability and that typically have less complex transactions than entities operating under full IFRS.
In our letter, we express
- broad support for the specific proposals within the Exposure Draft
- concern over the expansion of the undue cost or effort concept
the need for a clearer framework for future revisions of the IFRS for SMEs.