for the fiscal year 2020 On March 9th, 2021, the Ministry of Finance announced explanation No. 413-00-3 / 2021-04 relating to the manner of calculating the annual income tax. According to Article 87 of the Law on Personal Income Tax, the…
On March 22, the president of Ukraine, Volodymyr Zelensky, signed the Law relating to The Bureau of Economic Security. As we wrote previously, the main function of the Bureau of Economic Security (BES) will be to provide analysis, not to put in force. The Bureau will analyse the beneficiaries…
Christodoulos Damianou, together with colleagues Christos Theophilou and Demis Ioannou of Taxand Cyprus present a case study of how the Cypriot tax authorities use safe harbour rules in determining arm’s-length interest rates. Transfer pricing has always been a challenging exercise,…
State support of investment projects plays a significant role for both investor and the local community. Governments try to attract investments by different incentives: tax deductions, reimbursements, exemptions and state guarantees. On February 13, 2021, the newly introduced Law “On State Support…
Eurofast would like to inform you that from April 1st, 2021, the Registrar of companies shall impose penalties for every company that fails to timely file its annual return. Upon the first day of non-compliance the late filing fee shall amount to fifty euro (€50) plus a further charge of one euro (€1) for every day for the first 6…
In a procedure customary to the start of each new fiscal year, the Public Revenue Office of the Republic of North Macedonia has revised the minimum and maximum amounts used for the payment of mandatory social security contributions. Although the…
The Law of Georgia on Amendments to the Tax Code of Georgia, was published in the “Legislative Herald of Georgia” (document number N83-II რს- X მპ) and entered into force on January 5th, 2021. Absolutely all entrepreneurs in Georgia will be able to count on tax breaks…
The Emergency Ordinance No. 13 dated as at the 24th of February 2021, amending and supplementing Law No. 227/2015 on the Fiscal Code and Accounting Law No. 82/1991 was published in the Official Gazette No. 0197 of the 26th of February 2021. Here are some of the applicable changes: Review the scope of non-deductibility of expenses incurred…
The EU’s Action Plan on Sustainable Finance has, since 2016, pursued the implementation of regulatory measures aimed at introducing market standards and legal obligations in the field of sustainable finance. The “Sustainable Finance Disclosure Regulation” (“SFDR”), adopted in 2019, is supplemented by the EU’s Taxonomy Regulation and…
Transfer Pricing documentation for all types of intra-group transactions has been applicable to Greek entities for over a decade. However, a lot has changed the past few years, in fact, even the relevant law itself, during the pre-BEPS period and…