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News-Ukraine

The Bureau of Economic Security of Ukraine’s business impact

On September 3rd 2020, the supreme legislative body of Ukraine (Verkhovna Rada) adopted a Draft Law № 3087-d “On the Bureau of Economic Security of Ukraine” through which it proposes the establishment a single body that will investigate economic crimes….

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Montenegro

Covid measure: VAT rate reductions in Montenegro

In light of the new developments related to the Covid-19 pandemic and the preservation of economic activity, Montenegro has introduced new amendments to the Law on Value Added Tax, specifically for services of preparation and serving of food and beverages…

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Georgia

Tax incentives in Georgia for international IT and maritime companies

The Georgian Finance Minister, Vano Matchavariani, recently announced that companies offering IT and maritime services that apply for, and obtain, the status of an international company within the country, will be able to enjoy favourable terms of taxation in Georgia….

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News-Romania

Amendments to Romanian Labour Code – ( Law 213 / 30.09.2020)

The most important specifications of the law that came into force on October 3rd, amending and completing the Labour Code, are the following: Any Romanian who is interested in being employed, can be assisted at the time of negotiating or…

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Greece

Stated Deadline for Ultimate Beneficial Owners in Greece registration

We would like to inform you that the extended suspension of operation of the information system “Central Register of Ultimate Beneficiary Owners (“UBOs”) per article 20 of law 4557/2018 expired on October 1st, 2020. The entities doing business in Greece…

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News-Serbia

New Regulations For Foreigners Who Work Online From Serbia

The Serbian Labor Minister, Zoran Đorđević, recently announced amendments to the Law on Employment of Foreigners and the Law on Foreigners. The amendments aim at securing higher state revenues from the increasing number of foreigners working online remotely from Serbia…

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All Country

Έλεγχος – επισκόπηση: Το Διεθνές Πρότυπο...

Στην εποχή που η διαφάνεια των οικονομικών καταστάσεων καθίσταται αναγκαία και χρήσιμη για τις Εταιρίες, ο έλεγχος- επισκόπηση είναι η ιδεατή λύση για τις μικρού και μεσαίου μεγέθους επιχειρήσεις (ΜμΕ), για την αύξηση της αξιοπιστίας των Χρηματοοικονομικών τους Καταστάσεων. Καθώς…

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Cyprus

60-day rule – Cyprus Tax Residency

According to the Income Tax Law of 2002, the Cyprus tax residency- based system constitutes individuals physically spending over 183 days within a tax year (1st January to 31st December) in Cyprus (the “183-day rule”), as tax residents in that…

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Egypt

القانون رقم 170 لسنة 2020

النقاط الرئيسية و التنفيذ : يستقطع 1 % شهريا ً من صافى الرواتب و ذلك لمدة (12) شهر و 0.5 % من جميع المعاشات المدفوعة لنفس الفترة و يمكن زيادة هذه الفترة او تقليصها بناءا على قرار من رئيس مجلس…

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Egypt

EGYPT ISSUES LAW 170 ON SALARIES AND PENSIONS DEDUCTIONS DURING THE PANDEMIC

On August 13th 2020, the Government of Egypt issued Law No. 170 for the year 2020. The law requires companies to deduct 1% from all its employees’ salaries for a period of 12 months starting from August 13, 2020. This…

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