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….
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…
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…
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,…
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…
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,…
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…
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…
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…
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…