The regulations for granting VAT refunds to foreign taxable persons were published in Official Gazette No. 78 of Bosnia and Herzegovina on 4 December 2020. The legislation aims at harmonization of the VAT rules for granting VAT refunds to foreign…
Recently, the Albanian government has published certain changes to the tax legislation which are effective as of January 1st 2021, affecting a wide range of taxes. Increase of the VAT threshold According to Decision no.576 dated July 22th, 2020, published…
The Georgian Government has developed a new anti-crisis package, within the framework of which it will provide all possible assistance to residents and businesses in an extremely difficult epidemiological situation in the country. The Minister of Economy Natia Turnava has…
Croatia has published a set of 2021 reform Acts, including the Act on Amendments to the Corporate Income Tax, Personal Income Tax, Value Added Tax and Fiscalisation. Our Croatia team’s digest of the most important amendment aspects follows below. Amendments…
Effective 1 January 2021, the North Macedonian VAT regime has been amended to include a new tax rate of 10%, in addition to the previously prescribed standard rate of 18% and reduced rate of 5%. This is the first time…
On December 16th, 2020, the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. This new AML Law amendment shall essentially implement the central registry of ultimate beneficial owners. The registry is to be developed and completed in the second half of 2021 and…
Financial motivation alone is never enough to decide upon one’s return to a country or even to move to another employer. The excellent lifestyle, the mild climate along with the working conditions play a vital role in such decision making….
Times magazine recently announced that 2020 is the worthiest year in world history. For Eurofast, 2020 brought a number of challenges as well as plenty of opportunities. Throughout the past year, Ukraine officially launched the land market, the pilot project of E-residency, took a step forward in establishing the Bureau of Economic Security, introduced the new Anti-BEPS Law with the CFC rules and…
It is widely known that brain drain is the worst threat to a country’s prosperity. The Greek government announced legislative initiatives to reverse this phenomenon, to attract foreign investment and to invite foreign nationals to settle and work in Greece. The legislative…