The labor book is a mandatory official document with the employment history of each employee/worker. According to labor legislation, when an employee/worker starts work for the first time, it is the employer who is obliged to provide one with a…
The sensitive issue of Beneficial Owner’s disclosure has been brought up again to surface due to a reminder sent out by the Cyprus Authorities. The reminder states that the 30th of September is the final deadline for the registration of…
DEADLINE 2nd of October 2023 Аccording to the joint order of the National Statistical Institute (NSI) and the National Revenue Agency (NRA) from January this year, a company can submit, after the statutory deadline, a one-time corrected data in its…
The Romanian Government came up with a balanced decision affecting the minimum wage per industry with afflictions to a handful of industries and benefits to others. The minimum wage per industry, including private companies, will increase from Ron 3,000 to…
A four-day working week growing viral suggests advantages for the employees. It’s a new work system, through which they are entitled to choose to work extra hours within working days to benefit from a day off. The principal idea behind…
A legislative project applicable as of January 2024 challenges the tax system in Romania. Its aftershocks seem to be tangible for businesses and individuals. First and foremost, the project targets at micro SRLs (Limited Liability Companies) which have a profitability…
Latest changes that entered into force on 01.08.2023 in connection with the Law on the State Budget of the Republic of Bulgaria for 2023 and State Social Security Budget Law 2023 affect Insurance, Social Benefits and Social Security. Amendments in…
At the last session, the House of Peoples of the Parliamentary Assembly of Bosnia and Herzegovina unanimously adopted the Bill on Amendments to the Law on Value Added Tax. As an explanation to the law states a vast number of…
IT-nomads represent the future and offer significant potential to Albania. These young individuals either working for foreign companies or as freelancers may see Albania as a beneficial place to develop their activity. From July 2023 foreigners employed in the information…
On the 6th of July 2023, a new circular was issued by the Tax department, in addition to the one voted in 2022, that takes into consideration the related transactions which are lower of the threshold of €750,000 in aggregate…