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News

Iran’s Exports to Europe Grow 107%

Iran has experienced a 107% increase in exports to the Europe (EU) compared to the last year. The trade between Iran and the EU has gone up 62 percent between January and September 2017, compared to the same period in 2016….

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News_CY

Double Tax Treaty between Cyprus & Jersey Enters into Force in 2018

Officials of Jersey and Cyprus have signed a Double Taxation Agreement (DTA) on 11 July 2016 in London. The agreement – negotiations for which had lasted since 2013 – will come into force on 1st January 2018. Senator Bailhache for…

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News_CY

Cyprus amends VAT; Imposes 19% on Sale of Building Land and Leasing

On November 3, 2017, The Cyprus House of Representatives approved a new VAT Law which amended the main VAT Law N.95 (I)/2000. It was published in the Official Gazette of the Republic of Cyprus on 13 November 2017 and came…

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News_CY

Cyprus & Mauritius Revise Double Tax Treaty

The existing agreement signed between the Republic of Cyprus and the Republic of Mauritius for the avoidance of double taxation as well as the prevention of fiscal evasion with respect on taxes on income and capital has been revised. On…

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News

Iran: VAT Exemption for Hybrid & Electric Vehicles

According to the Law on clean air, adopted by the Iranian parliament on July 16, 2017, Mr. Mohammad Masihi, an official from the tax administration has stated that all homegrown, ecofriendly, zero-emission hybrid and electric cars and motorcycles will benefit…

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Albania

Albanian Government Reduces VAT Rate for Accommodation Services

On November 2017, before the approval of the budget for the 2018 fiscal year, the Government of Albania approved the Decision of the Council of Ministers no.652, dated 10.11.2017, which made several changes to DCM no. 953/2014 on the implementing…

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Albania

Albania Approves Budget for 2018

The Albanian Parliament, after a long session and numerous debates, approved the budget for the 2018 fiscal year. The draft budget was accompanied by the relevant Report and several presentations. According to the Albanian government, the 2018 budget will have…

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News

Income Tax Treaty between Montenegro & Portugal

The Parliament of Montenegro, on its 26th convocation on 11 October 2017, adopted the Law ratifying the agreement signed between Montenegro and Republic of Portugal on avoiding double taxation and prevention of tax avoidance. The taxes to which this Convention…

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News

Double Tax Treaty between FYR Macedonia & Belgium Enters into Force

Following a very long ratification process, the 2010-dated double tax treaty concluded between FYR Macedonia and Belgium finally entered into force on July 17, 2017. The treaty – generally applicable from January 1, 2018 – replaces the old treaty signed…

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