On November 28, 2022, the Council of the European Union approved the corporate sustainability reporting directive („CSRD“). There have been no significant updates from the version which was provisionally agreed upon by the Council and European Parliament in June 2022.
A partnership created to empower Japanese companies to expand globally Torrance, CA, U.S.A. / Tokyo, Japan: On December 6, 2022, Hotta Liesenberg Saito LLP (HLS) and AGS Consulting Co., Ltd. (AGS) announced the establishment of a joint venture to provide a wide range of support services to Japanese companies expanding globally. In announcing this significant partnership, the two companies are sharing their vision, spirit, and resources while fully committed to the growth and success of all our clients.
TOMS (Tour Operators Margin Scheme) is excluded from German Value added tax (Umsatzsteuer) In January 2021, the German Federal Ministry of Finance published a clarification that the Tour Operators Margin Scheme („TOMS”) shall not apply to non-EU companies that do not have a fixed establishment in the EU.
July 30, 2020 Los Angeles, CA, U.S.A. / Stuttgart, Germany: Today, Hotta Liesenberg Saito LLP, a leading international accounting, taxation, and business advisory firm, announced a new joint venture with HWS GmbH & Co. KG, a German full-service accounting, taxation, and business advisory firm with a rich history spanning nearly a century. This partnership will empower existing and new clients by creating new business opportunities for Japanese companies in Germany and for German companies globally. “Our expertise is providing advisory services to Japanese companies operating around the globe. After starting in the U.S. 30 years ago and establishing offices in Japan, Mexico, and India, I’m excited to partner with HWS to extend our service line to Germany and to the EU,” says HLS Global Managing Partner Shunsuke Saito. “We always wanted to expand our presence in Europe, and recent developments, such as Brexit and the Japan-EU Economic Partnership Agreement, make it the perfect time to forge a joint venture with HWS, a company that shares our core value of building trusted relationships with our clients.” “By expanding the HLS Global and HWS networks in Europe through this partnership, we can better serve Japanese and international clients in Germany by applying
