Eurofast, is pleased to share the results of two valuable business tools prepared by Taxand advisors uncovering a number of thought-provoking facts and number. The first report, Taxand’s Global Survey 2016, examines the latest global tax issues affecting multinationals today…
Located in the Caucasus region, Georgia is a true gateway between Europe and Asia. In recent years, the country has achieved impressive progress in improving the business climate by implementing extensive reforms, a fact supported by international researches and well-documented…
Bosnia and Herzegovina (BiH) consists of two territorial and administrative entities: the Federation of Bosnia and Herzegovina (FBiH) and the Republic of Srpska (RS), as well as the District of Brcko (BD). The effective dates for introduction of the initial…
Development and global implementation of the Base Erosion and Profits Shifting (“BEPS”) Action Plan, prepared by the Organization for Economic Co-operation and Development (“OECD”), have successfully continued in 2016. The Country-by-Country (“CbC”) reporting initiative, under Action 13 of the BEPS,…
Recently, the Greek Finance Minister, Euclid Tsakalotos, announced new modifications to the still-imposed Capital Control Regime introduced nearly eighteen months ago. Herein below we present a summary of the main capital control lifts, as published in the Hellenic Government Gazette…
In November 2016, the Albanian Parliament approved a large number of changes in one of the main laws regulating the activity of the Tax Authorities in the country, the Law on Tax Procedures. The amendments affected several aspects of the…
Nodar Khaduri, Minister of Finance of Georgia and Yoo Il Ho, Deputy Prime Minister and Minister of Strategy and Finance of the Republic of Korea signed a double taxation treaty on 31 March 2016. Following appropriate actions, the treaty has…
Since the State Duma in the Russian Federation has passed the rules on controlled-foreign companies (“CFC”), there is an existing trend among Russian taxpayers on liquidation of the CFCs. A tax-free liquidation of a CFC became possible after the President…
Owners of Cyprus companies acting as holding companies may soon need to think of restructuring their business operations. Recently, the Russian Arbitration court has taken a new decision regarding the beneficial ownership of dividends payment. The decision concerns PAO “Severstal”…
In the last 20 years over 300,000 Russian citizens have bought a so-called second home in the Republic of Bulgaria. Studies show that 25 percent of them are willing to relocate permanently in Bulgaria. About 500,000 properties have been purchased…
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