Applications for the long-awaited new generation electronic Cyprus passports, residence permits and ID cards have begun as of the 30th of July 2020 as announced by the Cyprus Civil Registry and Migration Department. Otherwise known as biometric, digital or e-passports,…
LAW NO. 26 FOR THE YEAR 2020 On May 7th, 2020, the Government of Egypt issued Law No. 26 for the year 2020 that amended specific articles in the Income Tax Law No. 91 for the year 2005 (Articles No….
Είναι ευρέως γνωστό, ότι η Κύπρος διαθέτει ένα πολύ ανταγωνιστικό φορολογικό σύστημα. Δίνονται ουσιαστικά κίνητρα σε επιχειρήσεις που θέλουν να επεκτείνουν τις δραστηριότητές τους, ενώ ο εταιρικός φόρος εισοδήματος, στηρίζεται στον ανταγωνιστικό συντελεστή του 12,5% που επιβάλλεται επί των κερδών….
Cyprus and Switzerland, signed a protocol on Monday 21st July 2020, amending the existing double taxation agreement of 2014 intending to strengthen the framework of economic relations between the two countries. The signed protocol introduces the minimum standards of the…
[print_link] Dear clients, associates and friends We have already entered the two hottest months of the summer safely. This is a very special summer, in the midst of a pandemic, daunting most people at the thought of their summer vacations….
The controlled foreign companies (“CFC”) rules are a powerful mechanism allowing authorities to tax the foreign profits of residents. Ukrainian CFC rules were first set towards the end of 2017 as a response to OECD`s BEPS Action Plan. On May…
Germany’s assumption of the Presidency of the EU began on the 10th of July 2020. Along with it came the long-awaited announcement that Bulgaria and Croatia entered the ERM2 exchange rate mechanism and the Banking Union, otherwise called the “waiting…
[print_link] On the 2nd of July 2020, after an almost six month wait, the law that allows for the de-bureaucratisation of company incorporations in Romania, was finally published in the National Gazette. The law entered into force on the 5th…
[print_link] On Thursday, June 25, the Cabinet of Ministers of Ukraine adopted a decree “On implementation of a pilot project of electronic residency in Ukraine”. The Minister of Digital Transformation, Fedorov Mikhail, believes this step will have a positive impact…
In the last month of 2019, Croatia published amendments on its VAT system which generally apply as of 1 January 2020. The most important changes introduced included implementation of the 2018/1910 EU Directive (harmonization and simplification for cross-border trading) in…