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News

Ukraine Amends the List of Low-tax Jurisdictions

On 27 December, 2017 the Cabinet of Ministers of Ukraine amended the list of low-tax jurisdictions which is used for transfer pricing purposes. Per Ukrainian tax rules, in order for a jurisdiction to be considered a low-tax one, its corporate…

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News_CY

Cyprus: Transitional Agreement for Cost of Living Allowance contribution

As of 1st January 2018, companies that grant Cost of Living Allowance (COLA) should incorporate the allowance into their current base salary, as per the Cyprus Chamber of Commerce and Industry’s decision dated December 13th 2017. The above mentioned transitional…

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News_BG

Changes in the Bulgarian VAT Act effective as of 2018

An adopted amendment in the VAT Act in Bulgaria concerns supplies in stages. If an agreement for delivery in stages specifies so, then each completed stage shall be considered as a separate supply. The amendment applies to the supply services…

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News_CRO

Osobni odbitak i porezne olakšice u 2018

Osobni odbitak predstavlja neoporezivi dio dohotka i kojim se umanjuje osnovica za izračun poreza na dohodak. Od 1. siječnja, 2017. godine, uvedena je nova metoda obračuna osobnog odbitka čime se njegov osnovni iznos povećao na 3.800 kuna. Taj se iznos…

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News_CY

Κύπρος: Επιβολή 19% ΦΠΑ στην πώληση γης και...

Στις 03 Νοεμβρίου 2017, η Βουλή των Αντιπροσώπων ψήφισε έναν νέο νόμο, τον περί Φόρου Προστιθέμενης Αξίας (Τροποποιητικό) (Αρ. 3) Νόμο του 2017 (στο εξής ο «τροποποιητικός νόμος»), που τροποποιεί τον βασικό περί Φόρου Προστιθέμενης Αξίας Νόμο Αρ. 95(Ι)/2000 (στο…

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News_GE

Georgia Receives Funds from IMF

The International Monetary Fund’s Executive Board completed its first review of Georgia’s performance within the three-year extended arrangement under the Extended Fund Facility (EFF). An International Monetary Fund (IMF) team visited Tbilisi from September 25 to October 9, 2017 and…

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News_Geo_Geo

საქართველომ ჩინეთთან...

ქვეყნის ეკონომიკის შემდგომი განვითარების, ვაჭრობის გამარტივებისა და მისი საგადასახადო რეჟიმის ლიბერალიზაციის მიზნით საქართველომ ხელი მოაწერა შეთანხმებას ჩინეთთან, საქართველოში თავისუფალი ვაჭრობის ზონების შექმნის შესახებ. ჩინეთ-საქართველოს თავისუფალი ვაჭრობის ხელშეკრულებას (FTA)ხელი 2017 წლის მაისში მოეწერა და ურთიერთგაგების მემორანდუმს ჩინეთის ვაჭრობის ვიცე-მინისტრმა და საქართველოს…

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News_GE

Georgia Signs Free Trade Agreement with China

By way of further development of the country`s economy, facilitation of the trade and liberalization of its tax regime, Georgia has signed an agreement with China on the creation of free trade zones in Georgia. The China-Georgia Free Trade Agreement…

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News_BiH

Electronic Services of Indirect Taxation Authority of Bosnia and Herzegovina

On November 16, 2017 the Governing Board of the Indirect Taxation Authority (ITA) issued the Instruction on Registration of Users of the ITA Electronic Services. The Instruction entered into force on December 9, 2017. All taxpayers are obliged to register…

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News

Ukrainian Government Approves Draft Law on Withdrawn Capital Tax

At a meeting held on October 4, the Cabinet of Ministers of Ukraine approved the bill “On Amendments to the Tax Code related to the tax on withdrawn capital”. The Bill proposes to introduce a tax on the withdrawn capital…

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