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Press Releases

Eurofast presents Taxand Business Tools for 2017

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…

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News_GE

Investment Opportunities in Georgia

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…

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News_BiH

Transfer Pricing in Bosnia and Herzegovina

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…

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News_CY

What to expect from the Multilateral Competent Authority Agreement on automatic...

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,…

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news gr

Greece relaxes certain Capital Control measures

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…

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Albania

Albanian Parliament amends the Law on Tax Procedures

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…

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News_GE

Georgia and Korea sign a double taxation treaty

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…

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News_CY

Are you aware of a tax-free liquidation of the CFC?

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…

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News_CY

New Russian arbitration court decision on beneficial owner of income: risks for...

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”…

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News_BG

Purchasing a real estate in Bulgaria could be risky

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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