Eurofast would like to inform you that a further extension of the deadline has been announced regarding the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6 Reporting). The new extension date…
Absolutely all entrepreneurs in Georgia will be able to count on tax breaks in 2021. The Minister of Finance, Mr. Ivane Machavariani, outlined five main components of an aid package for businesses hit by the pandemic. Income tax relief Income tax benefits have been extended for…
The Government of the Republic of Serbia adopted a program of direct benefits to private legal entities at a session held on February 11th, 2021. The Program aims at mitigating the economic consequences resulting from the Covid-19 pandemic, ensuring that there is no delay in the payment of taxes and contributions. Grants from the…
The Cyprus Stock Exchange (“CSE”) operates within the defined European framework and is under full supervision by the Cypriot authorities. In addition to the Regulated Market, the CSE also operates the non-regulated Emerging Companies Market, on the basis of the…
Effective 1st of January 2021 Changes to the Corporate Income Tax Act were published in the Bulgarian State Gazette no. 104/8 December 2020 and no. 107 of 18 December 2020. The changes were in connection to the withdrawal of the United Kingdom of Great Britain and Northern Ireland from…
We are pleased to announce that in August 2020, Mr Christodoulos Damianou, the Group CEO of Eurofast was appointed Honorary Consul of Ukraine in Nicosia with jurisdiction over the district of Nicosia and Famagusta. His Excellency Nicos Anastasiades, the President…
The Law on Value Added Tax in Montenegro prescribes the VAT rate of 21%. VAT is calculated and paid at the general rate of 21% of all trade in products, services and imports of products, except for trade in products, services and imports…
The newly amended sections relate to taxes on income and the prevention of tax evasion and avoidance. Pursuant to the latest discussions between the Republic of Cyprus and Egypt, an agreement has been concluded for the amendment of the DTT between the two States. Both countries have…
Business always follows the basic economic principle being that of maximizing revenue and minimizing expenses. Governments are always interested in the development of business via the creation of new jobs, higher productivity, GDP as well as taxation implemented via special…
According to the International Data Corporation, the IT industry seems to have been less hit by the COVID-19 crisis compared to other business sectors worldwide. The experience gained in 2020 will help to reshape not only companies but also governments…