Foreign citizens or legal entities that bought certain goods or services in Bosnia and Herzegovina, have the legal right to a VAT refund for those goods or services provided that certain conditions are met. According to the Law on VAT refunds, the manner and conditions of exercising the rights…
Tax revenues are one of the largest sources of income for the Georgian budget. At the same time, the tax administration itself is simpler than ever- thanks to the “one window” principle. The Georgian Ministry of Finance has got off…
The North Macedonian Government has adopted amendments to the VAT Law during July 2021. The amendments affect the supply for electricity to final consumers; a supply which has until now been subject to the standard rate of 18%. As of 16…
The European Commission has approved a Slovenian scheme of 22.8 million worth, to support companies in various sectors affected by the Covid-19 pandemic and taken measures to reduce the spread of the virus. Public support in the form of direct grants will cover the costs corresponding to the…
“Fitch Solutions”, a well-known unit of the international rating agency “Fitch”, published the latest risk report for the second half of 2021 for Albania. In this report, the forecast for the growth of Albania’s Gross Domestic Product (GDP) for 2021…
July was literally “hot”, not only because of the temperature records but also due to high attention to the new Laws and proposals. According to the officials more transparency and clarity must be brought in Ukraine. Law #1525-IX, known as “Tax on Google”. Starting…
Due to the difficulty of performing some activities, the Croatian Chamber of Economy made the decision to exempt some companies from paying membership fees in the past few months. With the latest decision the Chamber abolished the exemption, so companies…
The new fiscalisation model in Serbia is to be applied on January 1st 2022. The Tax Administration has published a Technical Guide with the conditions and characteristics of the elements of the electronic fiscal device for approval for use in the e-fiscalization system. The guide contains…
Since January 2019, Belize has incorporated a new tax regime which has led to the collapse of the zero-tax heaven regime. In simple words, all Belize international companies (“IBCs”) whether tax-residents or non-tax residents, are now liable for income taxes…
After almost 20 years of discussions, changes and ameliorations, Ukraine has opened its land market. Supported by the president, the official launch of the land market is expected to bring more transparency and simplicity. The final variant of the law remained…