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Factors such as the evolving geo-political risks, energy supply shortages, rising energy prices and inflationary pressures are leading to an uncertain economic environment. There are numerous accounting implications across multiple areas such as going concern assessments, judgements and estimates, impairment of non-financial assets, etc. BDO's IFR Bulletin discusses many of these implications. The Bulletin also discusses some of the reporting implications of climate-related matters on the financial statements.

Welcome to the 2023 edition of BDO’s Global Tax Outlook. The global economy is emerging from the shadow of the COVID-19 pandemic, but it is facing new challenges from the war in Ukraine, an energy price shock, inflation,  and persistent challenges for supply chain security.  At the same time, the world faces new tests associated with addressing climate change, an aging population, increased migration, and digitalisation.  ​ Tax has an ever increasingly important role to play in how the globe, region, and each country, confronts the turbulence in the global economy over the coming years. We conducted our research for Global Tax Outlook 2023 through the late Spring and early Summer of 2023. Produced in conjunction with research organisation Meridian West and drawing on the expertise and insights of BDO experts around the globe, Global Tax Outlook 2023 reveals some clear trends, threats, and opportunities, that are emerging in the tax-world.   As 2023 draws to close, the purpose of this report is to highlight our key findings and to draw some conclusions on the outlook for tax.

A message from our Global CEO These are unprecedented times.  Not a single organisation will have had a ready-to-use playbook for it.  But like all other businesses, BDO is doing its utmost to manage the many challenges arising from the COVID-19 pandemic. The health and safety of our people, our clients and stakeholders is very important to us.