Вести

Subscribe to our news feed

Take a moment to subscribe to our custom news feed which will be delivered via email.

Your Name (required)

Your Email (required)

  • Georgia announces new Customs Code
    Georgia continues to pursue a business-friendly tax and customs policy, which - along with economic reform - implies a complete harmonization of the legislation with EU standards. At this stage, work on the new Customs Code project has been completed with the participation of experts from the European Union, fully meeting the standards of the European Union. The approach to...
  • Approach of Greek authorities in determining a valid foreign proof of tax residence
    In Greece, an individual who has moved abroad must file an application to the local authorities in order to demonstrate a new address should they wish to change their status from resident to non-tax resident. Such an application is typically filed by March 10th of the year following the year during which the individual changed the residence and it is...
  • Το Μαυροβούνιο ως βασικός προορισμός για Επενδυτές και Ιθαγένεια
    Μια μικρή μεσογειακή χώρα, ανάμεσα στα σύνορα των χωρών της πρώην Γιουγκοσλαβίας, βρίσκεται στο προσκήνιο για την ταχεία και βιώσιμη ανάπτυξή της. Τα εκπληκτικά βουνά και η καθαρή θάλασσα, σε συνδυασμό με τις 240 ηλιόλουστες ημέρες το χρόνο κατά μέσο όρο, καθιστά το Μαυροβούνιο ελκυστικό προορισμό για τουρίστες και επενδυτές από όλο τον κόσμο. Από το 2006, όταν η χώρα...
  • Take a sneak peek into the top 3 development projects in Montenegro
    With just 650,000 inhabitants and total area of 13,812 km2 Montenegro is considered to be the smallest country in the Balkans. It is frequently said that it is actually a small country with a big Government-backed effort for multidirectional growth. From the coast and up to the north, cornerstones have already been set up for many attractive projects and luxury...
  • New Cyprus legislation improves rights of expecting and new mothers
    Becoming a parent is undoubtedly a special and unique experience and as such requires careful consideration and approach for both parents. Women’s care during pregnancy and the post-partum period are two of the most important segments which have to be taken into account very seriously, not only by the individual but also by their employers. With almost half of the...
  • Montenegro as a key destination for Investors and a new home for global citizens
    A tiny Mediterranean country, settled between the borders of ex-Yugoslavia member states, is in the spotlight for its rapid and sustainable growth. The beautiful blend of stunning mountains and clear sea, combined with an average of 240 sunny days per year, makes Montenegro a destination attractive for tourists, investors and global citizens alike. Since 2006, when the country gained its...
  • Central Bank of Egypt defends Secrecy of Bank Accounts
    Head of the Tax Authority (ETA) of Egypt, Emad Sami, revealed on August 26th that an amendment to the Income Tax Act has been drafted to allow the Minister of Finance to access corporate bank accounts in order to help combat tax evasion, causing immediate reaction of the Governor of Central Bank of Egypt (CBE), Tariq Amer. Tariq Amer responded...
  • Tax incentives for Research and Development in Croatia
    In the period between 2007 and 2014, tax incentives in Croatia for research and development projects were granted based on the Act on Scientific Activity and Higher Education, namely articles 111 a) to 111 f). However, in June 2014 the European Union issued the Commission Regulation (EU) No. 651/2014 concerning certain categories of state aid, which used significantly different terminology,...
  • Albania changes Law on Income Tax; introduces incentives for agro tourism
    The Albanian Council of Ministers proposed a draft law to the Albanian Parliament, which introduces several changes to the income tax. The draft law was approved by the Albanian Parliament on the 9th of July 2018. The Law affects the income tax of several sectors of the country’s economy: farmers involved in agricultural cooperation societies, businesses that operate in the...
  • Serbia amends VAT Law; extends possibilities for VAT refund to foreign companies
    On April 19th, 2018, the Serbian Parliament adopted the Law on Amendments to the VAT Law. The adopted Law was published in the Official Gazette No. 30/2018 and came into force on 1st of July 2018, with the exception of certain provisions which will be applicable as 1st of January 2019. The latest amendments to the VAT Law are conditioned...
  • Georgia concludes Double Tax Treaty with Saudi Arabia
    On 14 March 2018, officials from Georgia and Saudi Arabia signed an income tax treaty which has been forwarded for ratification. The main goal of signing the agreement is to increase economic cooperation between Georgia and Saudi Arabia and attract more foreign investments, said Georgia’s Finance Ministry. The existing taxes to which this Agreement shall apply include profit tax, income...
  • Treaty between Russia and Cyprus: Russian MoF clarifies dual tax residence status of individuals
    On the 6th of June 2018, the Ministry of Finance of Russia (hereinafter “MoF”) published a Guidance Letter No. 03-04-06/33393 as of 17th of May 2018 clarifying the tax residency status of an individual who appears to be a dual tax resident of Russia and Cyprus. The MoF clarified that if a Russian resident individual provides the Russian tax agent...
  • Favorable terms for BH entities exporting to USA
    With the new revision of the US Congress, the Decision on extending the GSP (Generalized System of Preferences), which allows goods produced in Bosnia and Herzegovina to have authorized customs treatment on import into the United States, was adopted. For all entities exporting or planning to export to the United States market, the validity of the General System of Preferences...
  • FYR Macedonia extends application of preferential VAT rate to first sale of residential buildings once again
    In 2009, as an anti-crisis measure, the FYR Macedonian government introduced the application of the preferential VAT rate of 5% to the first sale of residential buildings. While initially planned to be in force until the end of 2011, the application was already extended twice: the first time in late 2011 whereby its validity was prolonged until the end of...
  • Citizenship by Investment in Montenegro
    The global geopolitical situation, has motivated a significant number of worldwide millionaires to move its wealth to western and European markets, contributing considerably to the development of the “rich immigration”. This trend triggered Government of Montenegro to draw capital that will provide significant value to the existing economy and assist to the expansion of various forms of business through the...
  • جمهوری صربستان، مقصد ایرانیان برای گردشگری و تجارت
    با افزایش سطح روابط بین جمهوری اسلامی ایران و جمهوری صربستان و تمایل دو کشور به توسعه همکاری ها در زمینه های مختلف از جمله گردشگری، فرهنگی و تجاری باعث شده است که توافقنامه هایی بین این دو کشور از سال گذشته به اجرا درآید. در همین راستا سفر به صربستان برای ایرانیان تنها با گذرنامه ایرانی و بدون اخذ...
  • Bulgaria introduces possibility for electronic storage of employment documents
    The Bulgarian Ministry of Labour and Social Politics recently adopted an ordinance for employment-related electronic documents and the requirements for their creation and storage in an employee’s file. The ordinance is effective as of 19th May 2018 and is based on Art. 128b, para 3 of the Labour Code. The new ordinance provides the possibility of an electronic file of...
  • BH’s Republic of Srpska issues Rulebook on Tax adviser License
    Almost 10 years after the adoption of the Law on Tax Consultancy, on 14 February 2018 the Ministry of Finance adopted the Rulebook on Tax Advisers' Licenses (the Rulebook), which then entered into force on 22 February 2018. The Rulebook prescribes conditions and procedures for obtaining a tax adviser's license and for registration of tax agencies. As a result, tax...
  • Albania changes Law on Building Tax
    In November 2017, with Law no.107, the Albanian Parliament changed the methodology on which the payment of the tax on buildings was based, introducing fundamental amendments. The building tax is a local tax which is calculated, administered and collected by the local authorities. The new methodology has been applicable since the 1st of April 2018. Since the institutions and the...
  • Serbian arm’s length interest rates for 2018
    The Ministry of Finance of Serbia has adopted the Rulebook on arm's length interest rates for 2018 ("Official Gazette of the Republic of Serbia", No. 18/18). The new rulebook applies when determining corporate income tax in 2018, while when determining the income tax for 2017, the interest rates to be used are those prescribed by the Rulebook on arm's length...