Some significant amendments to the Income Tax Act effective as from 2015.
KPMG in CEE's Government and Infrastructure Sector Team has compiled the EU Funds in CEE – Progress Report 2007-2012 to help the 10 EU Member States within CEE be better prepared for the 2014-2020 programming period.
This is reflected by both the faith in further GDP growth of two to four per cent and an intention to raise salaries and hire more staff, reveals KPMG survey.
According to KPMG’s survey CEE Property Lending Barometer 2012, banks appear to be even less optimistic about a recovery of the real estate market in the region.
In the annual ‘World Most Attractive Employer’ Universum survey rankings have given KPMG the number two spot for the third year in a row.
Global companies are planning for higher levels of investment, greater activity and increased staffing, in a renewed outlook that sharply contrasts the lows experienced by the global market in late 2011.
Nearly four out of 10 financial executives from the world’s leading global consumer companies expect their revenues to be lower in 2012 than 2011, according to KPMG International’s Consumer CFO Survey.
China will be the world’s biggest market for auto sales and exports by 2025, according to KPMG International’s 13 th annual Global Automotive Executive Survey.
Consumers continue strong resistance to pay for online content and services but the majority are willing to trust advertisers with personal information in return.
About the trends in the Baltics KPMG Head of Tax Steve Austwick said that the corporate tax rates have remained stable at low levels comparative to much of the rest of Europe.
The financing of Central and Eastern European real estate has shown signs of improvement over the last 12 months but the situation remains uncertain.
KPMG, the global network of professional firms providing audit, tax and advisory services, has been ranked second for two years running on Universum’s 2011 index of “The World’s Most Attractive Employers”.
KPMG report notes that the European electricity industry will need an estimated EUR 1,900bn investment over the next twenty-five years if it is to meet both increasing electricity demand and ever-tightening environmental standards.
Estonian companies participating in the survey carried out by KPMG are more optimistic about employment and rising salaries than a year ago.
In the survey “The Pulse of Economy 2011”, KPMG inquired about the opinions of the business sector decision-makers concerning the outlook for an economic growth, the euro, foreign investments, companies’ salary and staff policies in 2011.
According to the Estonian companies participating in the KPMG in Estonia survey, an economic growth of up to a few percent might be expected for the current year.