Tax

US tax reform: The time to get prepared is now

On 22 December 2017, US President Donald Trump signed into law a major overhaul of the US tax system. The enactment date in the US is the date the bill becomes law, which is when the President signs the bill. Therefore, the effects of these law changes are required to be reported in the 2017 annual financial statements, and as applicable, in the quarterly financial statements of fiscal year entities.

Businesses leaders need to carefully assess their situation and prepare for the effects of the US tax reform.

Detailed analysis of the US tax reform and a number of insights to help you assess how your business could be impacted are available from our US member firm at www.gt.com/taxreform. Please click on the below links for more information.