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News_SRB

Serbia signs 66th Agreement on Avoidance of Double Taxation

Serbia | February 2016 | On December 15th, 2015, the Republic of Serbia and the Grand Duchy of Luxembourg signed an agreement on avoidance of double taxation, which is currently in process of ratification in the Parliaments of both countries….

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News_MN

Montenegro’s tax treatment of foreign corporate executives

Montenegro | February 2016 | Montenegro doesn’t make much of a distinction between domestic and foreign investors, as well as between domestic and foreign corporate executives of companies incorporated in Montenegro. Foreigners who are executive directors of Montenegrin companies have…

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News_FYROM

FYR Macedonia and Israel sign a Double Tax Treaty

FYR Macedonia | February 2016 | On December 9th, 2015, FYR Macedonian Government representatives signed a Double Tax Treaty (DTT) with Israeli officials in Jerusalem. Pending approval from both countries’ authorities, the Treaty will be effective from the calendar year…

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News_Ukr

Ukraine amends the tax assessment appeal procedure

Ukraine | February 2016 | On January 12th, 2016 amendments to the procedure according to which taxpayers appeal tax assessments came into force. The amendments were approved by the Order of the Ministry of Finance No. 916 dated October 21st,…

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Albania

Albania and Morocco sign an Agreement on the Avoidance of Double Taxation

Albania | February 2016 | Albania and the Kingdom of Morocco preliminarily agreed on the need for a Double Tax Treaty back in 2012 when treaty negotiations commenced. The willingness to conclude such an agreement was reiterated in October of…

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News_CY

Recent developments in the Cyprus Intellectual Property tax field: Are you...

If you already own an IP box company in Cyprus, or if engaging to one is of your interest, recent international developments at G20 / OECD / EU level, and the Cyprus Ministry of Finance (MoF) December 30th, 2015 announcement,…

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News_CY

Entry into force of the Cyprus – Georgia Double Tax Treaty

On May 13th, 2015 the Finance Ministers of Cyprus and Georgia signed a Double Tax Treaty (DTT) in Tbilisi during the 24th annual meeting of the European Bank of Reconstruction and Development (EBRD). This is the first such agreement concluded…

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News_CY

Reduced Withholding Tax rate on dividends from Russia to Cyprus

On October 9th, 2015, the Ministry of Finance (MoF) of Russia, issued Letter No. 03-08-13/57909 in order to provide further clarification on the application of the reduced withholding tax rate on dividends in accordance with Article 10 of the Double…

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News_CY

Cyprus: Extension of employment income tax exemptions of 20% and 50%

Cyprus | February 2016 | Important amendments to the Cyprus Tax Legislation On December 10th, 2015, the Cyprus House of Representatives voted into law numerous anticipated tax law amendments, published with the Government Gazette on December 17th, 2015, amongst which…

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News_CY

New Types of Residence permits to third-country nationals

Cyprus | February 2016 | The Civil Registry and Migration Department (CRMD) announced that as of Monday, February 8th, 2016, the article 18FZ (7) of the Aliens and Immigration Law (Cap.105) as well as article 4 of the Aliens and…

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