Greece | March 2016 | Recently, the Greek Finance Minister, Euclid Tsakalotos, announced new modifications to the still -in-force capital controls regime introduced nearly eight months ago. Herein below we present a summary of the main capital control lifts, as…
Egypt | March 2016 | Mandatory GOEIC Registration for importing products Egypt’s Ministry of Trade and Industry issued Decree 43/2016 amending the rules affecting the registration of factories qualified to export listed products to Egypt. The new decree requires factories…
Albania | March 2016 | On January 21st, 2016, the Council of Ministers of the Republic of Albania adopted a new decision, which aims to determine the reference monthly salary for purposes of calculating the mandatory social contributions for the…
Georgia | March 2016 | The Ministry of Finance of Georgia has recently initiated important changes in the system of corporate income taxation, particularly related to the moment of taxation itself. The draft law on “Introducing Amendments to the Tax…
Bulgaria | March 2016 | On February 12th, 2016, Bulgaria ratified the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, by way of Decree No. 21 published in the Official Gazette No. 14 of…
Bosnia & Herzegovina | March 2016 | On November 11th, 2015, a new Instruction issued by the Director of the Indirect Tax Authority of Bosnia and Herzegovina entered into force. The Instruction was published in the Official Gazette of Bosnia…
Cyprus | March 2016 | Tax structuring has been a very complicated issue for many years with clients being continuously advised on methods of planning their taxes. With confidentiality eliminated to a great extent and the ability of authorities of…
Cyprus | March 2016 On December 10th, 2015, the Cyprus House of Representatives voted into law numerous anticipated tax law amendments, which were published in the Government Gazette on December 17th, 2015. Amendments were made to: • The income tax…
On February 17th, 2016 Eurofast held a networking cocktail in Kyiv, to welcome the company’s new Director for Eastern Europe, Mr Savvas Perikleous. During the presentation, Mr. Christodoulos Damianou, Executive Director of Eurofast and Honorary Consul of Montenegro, noted that…