12 December 2022, Prague – The International Audit, Tax and consulting Company Mazars has issued its fifth Financial Reporting of European Banks study focusing on the level of their expected credit losses (ECL). The main findings of the study include a decrease in the number of unpaid receivables due to support offered by the relevant governments during the pandemic. At the same time, it also pays attention to concerns about geopolitical instability and the subsequent energy crisis in the context of the war in Ukraine.

We keep you informed of the discussions on the revolutionary changes to the international taxation system under consideration, both at OECD and EU level.