Business of socialization activities have been developed as an alternative way of supplying public goods and services. The socialization incentives have been applied to attract growing capital, which directly linked the social performance of an enterprise with its profitability.
We launch a series of Brief discussion on Tax Finalization and Profit Remittance Abroad, Corporate Income Tax Incentive for Social Impact Projects, and Tax Breaks for High-tech Transfers.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the software and cloud services industries.