The easiest and most complex jurisdictions in the world
for Accounting and Tax compliance
Brazil, Greece, Argentina, China among the top 10 most complex
Cayman Islands, Hong Kong, BVI, UAE the easiest places in the world for Accounting and Tax
Turkey is the most complex place in the world for Accounting and Tax compliance, followed by Brazil, Italy, Greece and Vietnam - according to TMF Group’s inaugural Financial Complexity Index 2017.
The leading provider of global business and The compliance services ranked 94 jurisdictions across Europe, the Middle East, Africa, Asia Pacific and the Americas; 1 being most complex through to 94 the least complex. The Cayman Islands came in at 94 as the least complex place for compliance from an accounting and tax perspective.
In determining the rankings with its in-house accounting and tax experts, TMF Group used four weighted complexity parameters, considering the accounting and tax rules and regulations in different jurisdictions, and risks associated with non-compliance.