On 19th of December 2019, an amendment of Article 14 of the Income Tax Law of 2002 was published in the Official Gazette of the Republic of Cyprus. The amendment increases the limit of allowances from 1/6th to 1/5th of…
Egypt’s Prime Minister Mostafa Madbouly has issued decree No. 2731 of 2019 regarding amendments to the bylaws of Egypt’s investment law. The amendments include new provisions to the executive regulation; two articles that require local and private entities to submit…
A new law was introduced in the Bulgarian Tax and Social Security Procedure Code in issue 64/13.08.2019 of The State Gazette. The new law – which concerns the implementation of mandatory transfer pricing documentation requirements – will enter into force…
On 21 October 2019, UK’s Foreign Secretary Dominic Raab and the Georgian Foreign Minister David Zalkaliani signed a Strategic Partnership and Cooperation agreement aimed at strengthening the relations between the countries, once the UK leaves the European Union. This is…
The North Macedonia Parliament adopted the amended Law on Minimum Salary on 14th of November 2019. The increase of the minimum net wage to 14,500 MKD represents an almost 14% jump, compared to the previous minimum net wage which amounted…
Albania has signed double taxation agreements with many countries, in order to ensure that tax on income is not paid twice. The latest agreement of this kind is the one concluded between the Republic of Albania and the Kingdom of…
A joint ministerial decision (46440/19/2019) has been published in the national Gazette (4155/12.11.19) clarifying the documents, procedures and all relevant issues in regards to the granting of entry visa and residence permit in Greece through equity investments, bonds or bank…
On July 15th 2019, NAFA (National Agency of Fiscal Administration) issued a press release launching the Guide on tax residence of natural persons in English. The information material is published and can be downloaded here.These guidelines are aimed at resident/non-resident individuals…
Various due-diligence processes and revisions of the currently existing Cyprus Investment Program (CIP) have led to major changes of the program, published in the Official Gazette of Cyprus at the end of August 2019.The amendments affect the already defined donation…
The requirements for a Bulgarian residency and a citizenship are listed in several legal acts, including the Constitution of the Republic of Bulgaria, the Act on Entrance, Stay and Exit from the Republic of Bulgaria by Citizens of the European…